SBUX Price Prediction Next Week
Analysis and Insights
To predict the stock price of Starbucks (SBUX) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The stock is currently showing bearish momentum, with the MACD line below the signal line and a negative divergence in the RSI. The Fibonacci levels indicate a potential pivot point at $100.19, with resistance at $104.04 and support at $96.34.
News Sentiment:
Recent news highlights challenges in same-store sales and increased competition in the beverage market, which could impact short-term performance.
Price Prediction:
Based on the analysis, the stock is expected to trade around $96.29 next week.
Recommendation:
Sell as the technical indicators and news sentiment suggest a bearish trend.
SBUX Similar Chart Price Prediction
The price of SBUX is predicted to go up 5.52%, based on the high correlation periods with CELU. The similarity of these two price pattern on the periods is 98.99%.
SBUX
CELU
Up: 5.52%Similarity: 98.99%
SBUX Revenue Forecast
SBUX EPS Forecast
SBUX FAQs
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SBUX VS S&P500
Starbucks' "connect" initiative should drive continued adoption of the firm's loyalty program, materially increasing customer lifetime value and helping drive new user acquisition.
Ongoing attention to new beverage platforms and menu architecture designed to target specific customer groups should give data-driven Starbucks a durable edge over smaller competitors.
The firm's reinvention plan, with investments in partner wages, cold beverage bar technology, and on-demand brewers should unlock peak transaction volume capacity starting in 2024.
SBUX Analyst's Forecast
Zachary Fadem
Wells Fargo
Buy
2024-11-26
Price Target
$110 → $115
Upside
+14.22%
Wells Fargo analyst Zachary Fadem raised the firm's price target on Starbucks to $115 from $110 and keeps an Overweight rating on the shares. As news circulates of Starbucks exploring strategic options for its China business, the firm sees a no-lose situation, as both JV or spin/sale scenarios could boost long-term margins/EPS. Price to earnings sits at +19% vs long-term average, but the 2025 bar is low and China de-risk is a potential catalyst.
Logan Reich
RBC Capital
Buy
2024-11-15
Price Target
$115
Upside
+16.85%
Edward Lewis
Redburn Atlantic
Hold → Strong Sell
2024-11-13
Price Target
$84 → $77
Downside
-22.85%
