I am long SBUX
at the moment and expecting it to retest and subsequently exceed the 2013
highs imminently, especially after Starbucks
of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings
on $4.14 billion.
The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker report website)
Please note that this is a long term trade, I am expecting to keep the position open for a good couple of months.