Starbucks Unusual Options Activity For July 18
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Starbucks (NASDAQ:SBUX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price range targeted by these traders for Starbucks over the last 3 months is from $65.0 to $100.0. Current price of SBUX is $100.75. Analysts from Stephens & Co., Morgan Stanley, and TD Cowen have given price targets of $110, $104, and $117 respectively.
July 18, 2023 | 3:15 pm
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Unusual options activity indicates a significant bullish stance on Starbucks. Analysts have given varied price targets, suggesting potential growth.
The unusual options activity, with a significant bullish stance, indicates that big-money traders are expecting the price of Starbucks to rise. This, combined with the price targets given by analysts, suggests potential growth for Starbucks in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100