Evercore ISI raised the firm’s price target on Vita Coco (COCO) to $55 from $50 and keeps an Outperform rating on the shares after the company updated its model for the latest tariff considerations after the recent Executive Order modifying the scope of the reciprocal tariff with respect to certain agricultural products. Based on its current inventory position and sales plans, Vita Coco does not expect the tariff relief announced to have a material impact on its 2025 results, but it believes that the average tariff rate for its products arriving in the U.S. will decrease from the previously announced 23% to about 6%, the analyst noted.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COCO:
- Trump Trade: Trump ends reciprocal tariffs on food items including meat
- Vita Coco rises 13.3%
- Vita Coco price target raised to $58 from $54 at Jefferies
- Vita Coco Gains Tariff Relief on Coconut Water
- Vita Coco issues statement regarding tariff relief