Coca-Cola (KO) stock has risen 5.0% over the past week, 2.7% over the past month, and 11.4% over the past year, underscoring steady investor interest in the beverage giant. Wall Street’s analysts are strongly bullish, forecasting upside over the next twelve months with a consensus price target of $85.64 versus the last close of $78.35.
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The latest voice in support comes from analyst Peter Galbo of Bank of America, who reiterated his Buy rating on KO on April 29, 2026 and lifted his price objective to $90.00. That target signals meaningful upside from current levels, reinforcing the Strong Buy consensus despite recent share gains.
Galbo points to Coca-Cola’s strong first-quarter performance, where the company delivered an impressive 10% organic sales growth. Importantly for long-term investors, unit case volume, a key measure of real consumption, rose 3% year over year across all segments, while price and mix added another 2%.
Some margin pressure was noted, but the analyst views much of it as temporary. Mix headwinds tied to Easter timing and product shifts, as well as one-time juice inventory costs and commodity pressure in tea and coffee, are expected to fade or normalize over the year, supporting a healthier gross margin profile ahead.
On earnings, Galbo raised his 2026 EPS estimate to $3.27, implying 9% annual growth that aligns with Coca-Cola’s own outlook and supports the higher $90.00 target. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.