Morgan Stanley raised the firm’s price target on Zevia (ZVIA) to $2.75 from 95c given long term growth opportunity. The firm notes the company reported in-line Q4 revenue, solid gross margins, but below consensus 2025 guidance. Morgan Stanley keeps an Equal Weight rating on the shares, with limited visibility that Zevia can capitalize on a solid growth modern soda category with weaker than expected 2025 guidance.
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