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SBUX Holds Strong Despite Poor Earnings Announcement

Yesterday SBUX reported worse than expected sales and pulled full guidance for 2025. SBUX tried to improve the situation by adding a dividend payout increase. The stock price was declining during after market hours, but surprisingly has rebounded and remained unchanged today. I think SBUX is trading near resistance at $96.60, and this resistance level needs to break for SBUX to experience some upside. I have $107.44 as my next key price target on the way up. I’m bullish on the new CEO, he has a great track record at Taco Bell and Chipotle. I know he will do great things for Starbucks as well.

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