Starbucks Corporation : Helped by a technical support level
Entry price | Target | Stop-loss | Potential |
---|
$91 |
$97 |
$88 |
+6.59% |
---|
The recent downward movement has sent Starbucks Corporation shares back to attractive levels situated around 89.48 USD. This zone could put an end to the downward movement and offers a good timing for new long positions.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.
● Historically, the company has been releasing figures that are above expectations.
Weaknesses● For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
● The average price target of analysts who are interested in the stock has been significantly revised downwards over the last four months.
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