What the Options Market Tells Us About Starbucks
Portfolio Pulse from Benzinga Insights
Financial analysis of Starbucks (NASDAQ:SBUX) options market reveals a bullish sentiment among traders, with a significant number aiming for a price range of $70.0 to $85.0 in the next three months. Notable options activity includes both bullish and bearish trades, with a mix of calls and puts. Starbucks, a global coffee chain, has seen its stock price slightly decrease to $73.71, with market experts issuing varied ratings and target prices, the consensus being $92.2.
May 02, 2024 | 2:32 pm
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Starbucks shows a bullish trend in options trading, with a current slight decrease in stock price to $73.71. Analysts have varied opinions, with a consensus target price of $92.2.
The bullish sentiment in the options market, combined with the slight decrease in stock price, suggests a potential for recovery and growth, especially considering the consensus target price of $92.2 by market experts. This indicates a positive short-term impact on SBUX's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100