Vita Coco upgraded to Overweight at Stephens on ‘cleaner’ FY26 setup

As previously reported, Stephens upgraded Vita Coco (COCO) to Overweight from Equal Weight with a price target of $58, up from $40, arguing that last week’s wide-reaching tariff exemptions for food products removes bears’ biggest talking point. With freight costs trending lower and branded coconut water gaining household penetration, the firm believes the setup into FY26 is “materially cleaner than it was just a month ago,” the analyst tells investors.