Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Starbucks Corporation (NASDAQ: SBUX) is down 1.0 percent this week after the company reported mostly in-line earnings but gave relatively weak 2016 guidance. Here’s a look at what several top firms have to say about the stock now.
Stephens
Analyst Will Slabaugh likes the company’s top-line earnings growth, but worries that the “current valuation (17x our FY16 EBITDA) accounts for such performance, leaving little margin for error and hurting the risk/reward.”
The firm maintains its Equal Weight rating and $56 price target.
UBS
Analyst Keith Siegner calls Starbucks’ earnings “impressive by any standard, showing how reinvestmet into partners, technology and overall customer experience help SBUX gain mind share, wallet share and ultimately sustain growth at scale.”
The firm maintains its Buy rating and $70 price target.
Related Link: Why Is Everyone So Negative On Mobileye?
Credit Suisse
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Analyst Jason West believes “the key question remains if MOP will drive upside to SSS in the coming qtrs. or just help meet lofty Street expectations.”
The firm maintains its Neutral rating and $61 price target.
Barclays
Analyst Jeffrey Bernstein says the firm is bullish in the long-term but believes “shares are fairly valued at ~28x forward.”
The firm maintains its Equal Weight rating and $62 price target.
Disclosure: the author holds no position in the stocks mentioned.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.