Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Starbucks (NASDAQ:SBUX), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 11 uncommon trades, with 63% bullish and 36% bearish sentiment. The whales have been targeting a price range from $80.0 to $105.0 for Starbucks over the last 3 months. Citigroup has maintained their Neutral rating on Starbucks with a price target of $104, while TD Cowen downgraded its action to Market Perform with a price target of $107.
October 18, 2023 | 5:01 pm
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Starbucks has seen unusual options activity, indicating a bullish stance. The price target range is between $80 and $105. Citigroup maintains a Neutral rating while TD Cowen downgraded to Market Perform.
The unusual options activity, with a majority being bullish, indicates that there might be a positive movement in Starbucks' stock price. The price targets given by Citigroup and TD Cowen also suggest a potential upside. However, the neutral and market perform ratings imply that the stock might not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100