Trading Strategies For Starbucks Stock Heading Into Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Starbucks Corporation (NASDAQ:SBUX) is set to release its Q3 financial results. Analysts estimate earnings per share of 95 cents on revenues of $9.291 billion. Wedbush analyst Nick Setyan maintained a Neutral rating and raised the price target from $110 to $112. The stock's performance is neutral, trading close to the 200-day simple moving average (SMA). A bullish reaction to its earnings print could negate its downtrend, while a bearish reaction could extend the downtrend.
August 04, 2023 | 10:11 am
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Starbucks is set to release its Q3 results. The stock's performance is neutral, trading close to the 200-day SMA. The stock's reaction to the earnings print could influence its trend.
The upcoming Q3 results could influence Starbucks' stock trend. A positive reaction could negate the current downtrend, while a negative reaction could extend it. The stock is currently trading close to the 200-day SMA, indicating a neutral performance.
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IMPORTANCE 80
RELEVANCE 100