This Is What Whales Are Betting On Starbucks
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Starbucks (NASDAQ:SBUX), with 57% of big-money traders also showing bearish sentiment. The investor's options trades suggest a target price range of $75.0 to $105.0 for Starbucks over the next three months. TD Cowen has downgraded Starbucks to Market Perform with a price target of $107, while Citigroup maintains a Neutral rating with a price target of $104.
October 04, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Starbucks, suggesting potential downward pressure on the stock in the short term.
The bearish sentiment from a large investor, combined with the bearish sentiment from 57% of big-money traders, suggests potential downward pressure on Starbucks' stock price in the short term. This is further supported by TD Cowen's downgrade of the stock to Market Perform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100