Starbucks Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors and traders have shown a mixed sentiment towards Starbucks (NASDAQ:SBUX), with a notable volume of bearish and bullish options trades. The options scanner revealed 21 unusual trades, indicating a split sentiment with 47% bullish and 52% bearish. The trades suggest a price target range of $70 to $100 for SBUX. The company operates over 38,000 stores globally and is currently priced at $87.13, with neutral RSI indicators. Analysts have issued a consensus target price of $101.8, with varying ratings from Neutral to Overweight.
April 09, 2024 | 8:15 pm
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NEUTRAL IMPACT
Starbucks has seen a mix of bearish and bullish options trading, with a price target range of $70 to $100. Analyst consensus target price is $101.8. Current stock price is $87.13.
The mixed sentiment from options trading and the close alignment of the current stock price with analyst target prices suggest a neutral short-term impact. The significant volume of both bearish and bullish trades indicates uncertainty, while the analyst consensus points towards a potential upside. However, the current neutral RSI indicators and the mixed analyst ratings contribute to a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100