Check Out What Whales Are Doing With SBUX
Portfolio Pulse from Benzinga Insights
A 'whale' investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $70.0 to $100.0 for Starbucks over the last 3 months. The price of SBUX is currently down -1.7% at $93.55. TD Cowen has downgraded its action to Market Perform with a price target of $107.
September 21, 2023 | 7:46 pm
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A large investor has taken a bullish stance on Starbucks, with a target price range of $70-$100. However, TD Cowen has downgraded its rating to Market Perform with a price target of $107.
The bullish stance taken by a large investor indicates a positive outlook for Starbucks, which could drive the stock price up. However, the downgrade by TD Cowen could potentially limit this upward movement. The current price of SBUX is down -1.7% at $93.55, which is within the targeted range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100