This Is What Whales Are Betting On Starbucks
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 24 uncommon options trades spotted for the company. The sentiment of these big-money traders is split evenly between bullish and bearish. The trades include 21 puts, totalling $817,352, and 3 calls, totalling $459,567. Whales have been targeting a price range from $60.0 to $100.0 for Starbucks over the last 3 months. TD Cowen has downgraded its action to Market Perform with a price target of $107, while Citigroup maintains a Neutral rating with a price target of $104.
September 29, 2023 | 5:33 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Starbucks, indicating potential positive movement. However, TD Cowen has downgraded its action to Market Perform, which may limit upward movement.
The bullish stance taken by a large investor indicates potential positive movement for Starbucks. However, the downgrade by TD Cowen to Market Perform suggests that the stock may not outperform the market, potentially limiting its upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100