Analyst Zheng Feng Chee from DBS maintained a Buy rating on Coca-Cola (KO – Research Report) and increased the price target to $77.00 from $67.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Zheng Feng Chee has given his Buy rating due to a combination of factors that highlight Coca-Cola’s strong performance and strategic positioning. The company’s recent financial results surpassed expectations, with a significant organic top-line growth driven by both price/mix effects and concentrate sales. This robust performance supports the projected organic revenue growth and EPS increase for the upcoming fiscal year, indicating a positive outlook.
Furthermore, Coca-Cola’s unique franchise distribution model and strategic investments in international bottling partners ensure high-margin revenue streams and global market penetration. The company has also implemented effective strategies to manage potential challenges, such as cost impacts from tariffs and tax regulations. This strategic foresight, combined with a strong balance sheet and potential for share buybacks, underpins the Buy rating, despite some risks like the ongoing IRS tax dispute.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $77.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KO in relation to earlier this year.