Goldman Sachs analyst Bonnie Herzog raised the firm’s price target on Vita Coco (COCO) to $41 from $38 and keeps a Buy rating on the shares. The company reported a “strong” Q1 earnings beat with “very strong” topline growth of 17%, the analyst tells investors in a research note. Leverage from the strong topline also helped drive gross margins that were much better than feared at 36.7%, the firm adds.
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