William Blair analyst Jon Andersen has maintained their neutral stance on COCO stock, giving a Hold rating on November 17.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jon Andersen has given his Hold rating due to a combination of factors impacting Vita Coco Company’s financial outlook. One significant development is the recent tariff relief announced by the Trump administration, which reduces the average tariff rate on the company’s imports from 23% to 6%. This change is expected to positively influence Vita Coco’s cost structure and potentially improve its profitability.
Despite this favorable adjustment, Andersen maintains a cautious stance. The decision to hold rather than upgrade the stock rating suggests that while the tariff relief is beneficial, there may be other underlying factors or uncertainties that temper the overall growth prospects or valuation of the company. As such, investors are advised to observe how these changes play out in the company’s financial performance before making any significant investment decisions.
According to TipRanks, Andersen is an analyst with an average return of -0.8% and a 48.48% success rate. Andersen covers the Consumer Defensive sector, focusing on stocks such as J & J Snack Foods, JM Smucker, and Hain Celestial.
In another report released on November 17, Morgan Stanley also maintained a Hold rating on the stock with a $49.00 price target.