May 1, 2024 - Page 4 of 4 - liquidityledger.com

Starbucks gets a price target cut after a brutal quarterly miss and light guidance

Starbucks shares plummeted Tuesday evening by roughly 11.5% after the coffee giant delivered a much weaker-than-expected quarter. The company also cut its outlook for fiscal 2024, leaving little room for optimism of a quick rebound in traffic at its stores. Revenue fell 2% year over year to $8.56 billion...

We’re raising our Amazon price target, betting light guidance proves conservative

Amazon reported a strong first quarter after the closing bell Tuesday. Shares rose more than 1% following the release. The upside, however, was tempered by a lower-than-expected outlook. Revenue increased 13% year-over-year to $143.31 billion, beating expectations for $142.5 billion, according to estimates compiled by LSEG. Earnings per share...