Vita Coco price target raised to $38 from $34 at Goldman Sachs

Goldman Sachs analyst Bonnie Herzog raised the firm’s price target on Vita Coco (COCO) to $38 from $34 and keeps a Buy rating on the shares. The company’s Q4 results saw “strong topline growth” of 20% as it benefited from some inventory restocking at both retailer & distributors following shortages in Q3, the analyst tells investors in a research note. The management’s FY25 topline guidance of $555M to $570M implies healthy 8% to 10% growth, though it was a bit softer than incoming expectations and below the company’s long-term mid-teen algo, the firm adds.