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.
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