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Starbucks And Uber Partnership In the Works?

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Brian Sozzi, CEO of Belus Capital Advisors, has speculated that Starbucks Corporation (NASDAQ: SBUX) may team with Uber to create a delivery system for lattes.

With store traffic dropping for Starbucks, Sozzi feels a partnership with Uber would be mutually beneficial, providing a bigger footprint for Uber and an efficient and cost-effective delivery infrastructure for Starbucks. Sozzi feels that Thursday's Investors Day may bring further clarity to the plans for growing the delivery business.

Related Link: Uber's Embarrassing PR Problems Haven't Affected Its Valuation

The ultimate goal of CEO Howard Schultz is to make Starbucks a $100 billion market cap company. With the stock closing Monday at $80.85, Starbucks market cap stood at $60.5 billion.

Posted-In: Brian SozziAnalyst Color News Tech

 

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