Spotlight on Starbucks: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) has seen a surge in options activity, with a mix of bullish and bearish sentiment among big-money traders. The options trades suggest a targeted price range of $80 to $115. Analysts have recently upgraded their ratings, with price targets ranging from $103 to $120.
August 27, 2024 | 6:30 pm
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Starbucks has experienced significant options trading activity, indicating a mix of bullish and bearish sentiment. Analysts have upgraded their ratings, suggesting positive outlooks with price targets between $103 and $120.
The surge in options activity, with a majority of trades being calls, suggests a bullish sentiment among investors. Additionally, multiple analysts have upgraded their ratings and increased price targets, indicating a positive outlook for Starbucks. This combination of factors is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100