Morgan Stanley raised the firm’s price target on Vita Coco (COCO) to $41 from $38 and keeps an Equal Weight rating on the shares. The firm is lowering its FY26 gross margins and adjusted EBITDA forecasts below consensus due to tariff pressure, but raising its price target as it rolls valuation forward to FY27, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COCO:
- Vita Coco launches kits featuring Halloween costumes for Labubu dolls
- Vita Coco initiated with a Hold at Needham
- Cautious Outlook on Vita Coco Company Amidst High Market Sentiment and Growth Uncertainty
- Nvidia to invest $5B in Intel, ABC pulls ‘Jimmy Kimmel Live!’: Morning Buzz
- Vita Coco 3M share Block Trade priced at $41.00