Starbucks (SBUX) Price Target Increase, Awaits New CEO

Starbucks (SBUX) valuation appropriately reflects near-term North America same-store sales growth, says a Wedbush analyst. Nick Setyan discusses SBUX as it expects outsized China comp. store sales growth in FY23 and FY24. He then talks about how Laxman Narasimhan is to take over for Howard Schultz as Starbucks CEO in April. Tom White then joins to demonstrate an example trade using SBUX. The trade type is a covered call and the direction is neutral to bullish. Tune in to find out more about the stock market today.