$SBUX
Added 2024-10-23 12:32:43 +0000 UTC$SBUX reported earnings yesterday and again it was a miss, making it the 4th miss in a row....they knew they needed to do something in the last quarter and that is why they changed CEO.
The market responded well to that change but I don't think anyone would be surprised to see another miss, one quarter is difficult to make changes, which is why I believe they have paused their FY guide.
I think a pull back is due here to the green fib levels and we can see that the 200 Day MA is just above the 0.5 Fib now
Analysts weighed in this morning with PT's, ranging between $100 - $115, just on the outside of this wedge
$SBUX for me is not a buy, at $72 it was attractive but at these levels and this set up, I don't see the substantial growth right now.
