Future

Resistance

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>Starbucks shows strong momentum after a gap-up on the date of release.</a></li>
 <li><span>2</span> <a>SBUX stock is likely to see a positive impact from the dividend and the stock is expected to benefit from the dividend hike as well.</a></li>
</ul>
<p>The Starbucks corporation released its third-quarter earnings, showing robust growth in revenue and profit. The company reported revenue of $9.37 Billion, up 11.41% year-over-year, and net income of $1.22 Billion, up 38.83% year-over-year. Moreover, earnings per share of $1.06, up 30.86% year-over-year. Starbucks showed a strong headway for the stock and showed a gap up on the date of release.</p>
<p>This quarter, the reported revenue exceeded analysts’ estimates by $83.67 Million (0.90%). Moreover, the SBUX stock’s reported EPS beat the analysts’ estimate of $0.972 by 9.03%.</p>
<p>Moreover, Starbucks Corporation declared a quarterly dividend of $0.57 per share, payable on November 24, 2023, to shareholders of record on November 9, 2023. This depicts a 7.55% increase from the previous dividend of $0.53 per share. The dividend announcement indicates the company’s confidence in its future performance and its commitment to its shareholders.</p>
<p>The SBUX stock is expected to benefit from the dividend upswing. Also, the dividend announcement influenced the stock price and investor sentiments.&nbsp; The dividends declaration highlights strong financial health.</p>
<h2 class="wp-block-heading" id="strong-starbucks-chart-analysis-future-outlook-strong"><strong>Starbucks Chart Analysis &amp; Future Outlook.</strong></h2>
<p>The SBUX stock price boomed from March 2020 from $50, going higher and higher, establishing new highs and lows along the way. It demonstrated a remarkable 2x growth in the stock price by July 2021. However, SBUX stock price slumped due to investors booking profits and touched a support level of around $70.&nbsp;</p>
<p>Afterward, from $70, SBUX price surged and reached $115, from May 2022 to May 2023. Where the price slumped again and reached $90 by October 1st week, and consolidated for some days.</p>
<p>However, the SBUX stock has indicated a sign of turnaround as the stock price rose with a gap up from a key level of around $90 on the charts, right after the Q4 earnings release.</p>
<p>Now, it seems like the SBUX stock is preparing to surge, as it seems bulls are harnessing the energy to pierce through the resistance level and climb to new altitudes from the current level. Therefore, the probable resistance is $105 and $110.</p>
<p>On the contrary, if SBUX stock starts to slip, then the probable support would be $95 and $90.</p>
<p>At the time of publishing, the SBUX stock is in an uptrend and has strong momentum. The stock has broken above resistance showing bullish signals. Also, the SBUX stock is trading above its moving averages and has a positive volume</p>
<p>The stock has formed a bullish pattern and has room to climb higher.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1281" height="567" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82.png" alt="Starbucks Price Prediction 2023-2025: Can SBUX Reach $180?" class="wp-image-179635" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82-1024x453.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82-768x340.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82-750x332.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-82-1140x505.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
  <figcaption class="wp-element-caption">
   Source:&nbsp; NASDAQ: SBUX. 1.D. TradingView
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-starbucks-price-prediction-for-2023-strong"><strong>Starbucks Price Prediction For 2023</strong></h2>
<p>Analysis based on the pitchfork tool suggests the stock could reach $115 while the average could be $100.</p>
<h2 class="wp-block-heading" id="strong-starbucks-price-prediction-for-2023-2025-strong"><strong>Starbucks Price Prediction For 2023-2025</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="835" height="125" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-81.png" alt="" class="wp-image-179634" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-81.png 835w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-81-300x45.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-81-768x115.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-81-750x112.png 750w" sizes="(max-width: 835px) 100vw, 835px">
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1281" height="567" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83.png" alt="Starbucks Price Prediction 2023-2025: Can SBUX Reach $180?" class="wp-image-179636" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83-1024x453.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83-768x340.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83-750x332.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-83-1140x505.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
  <figcaption class="wp-element-caption">
   Source:&nbsp; NASDAQ: SBUX. 1.W. TradingView
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="strong-starbucks-price-prediction-for-2024-strong"><strong>Starbucks Price Prediction For 2024</strong></h2>
<p>If the SBUX stock price reaches the $115 peak in 2023, then the probability will increase that in the year 2024 the stock could rise further and reach $145. This could deliver the shareholders an ROI of 26.09%. Meanwhile, the average could be $117 and the potential low could be $99, which shows the year-to-year change of 175 and 10% respectively.</p>
<h2 class="wp-block-heading" id="strong-starbucks-price-prediction-for-2025-strong"><strong>Starbucks Price Prediction For 2025</strong></h2>
<p>Furthermore, if SBUX successfully gets a hold on the level of $145 by 2024, then we could expect a potential high of $179 by the December end of 2025. This could give an investor an ROI of 55.65%, with a year-over-year change of 23.45%. Meanwhile, the average could be $152 and the low could be $129.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The <a href="https://www.thecoinrepublic.com/2023/09/30/sbux-stock-forecast-will-nasdaq-sbux-slip-more-or-fly-soon/" target="_blank" rel="noopener noreferrer nofollow">SBUX stock</a> is trading above its moving averages and has a positive volume</p>
<p>The stock has formed a bullish pattern and has room to run higher. Moreover, the SBUX stock price is outperforming the market and has a high relative strength and the stock is above its trendline. Now, the SBUX stock is ready for another surge on the chart. As it seems bulls are harnessing the energy to pierce through the resistance level and climb to new altitudes.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $95 and $90</p>
<p><strong>Resistance Levels</strong>: $105 and $110</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Starbucks Price Prediction 2023-2025: Can SBUX Reach $180?

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