Wells Fargo analyst Christopher Carey has maintained their bullish stance on KO stock, giving a Buy rating yesterday.
Christopher Carey has given his Buy rating due to a combination of factors that highlight Coca-Cola’s strong performance and future potential. The company’s Q1 2025 results exceeded expectations, driven by a significant increase in sales volume, which helped to alleviate earlier market concerns. Coca-Cola’s ability to maintain solid margins and provide a positive outlook for the rest of the year further supports this optimistic view.
Additionally, Coca-Cola demonstrated resilience against potential challenges, such as tariffs, which are expected to have a minimal impact due to the company’s local operations strategy. The robust performance in various regions, particularly in Asia-Pacific and Latin America, along with strong growth in Coca-Cola Zero Sugar, underscores the company’s ability to adapt and thrive in diverse markets. These factors collectively contribute to Carey’s confidence in recommending a Buy rating for Coca-Cola’s stock.
In another report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $78.00 price target.
KO’s price has also changed moderately for the past six months – from $65.560 to $72.350, which is a 10.36% increase.