Zevia price target raised to $6 from $5 at Telsey Advisory

Telsey Advisory analyst Sarang Vora raised the firm’s price target on Zevia (ZVIA) to $6 from $5 and keeps an Outperform rating on the shares. The firm’s recent meeting with Zevia’s management team has increased its visibility and confidence in its trajectory, the analyst tells investors. In the near term, the company should continue to see positive sales growth due to favorable macro trends as well as the company’s initiatives, including expanding distribution, leveraging product innovation, and growing brand awareness, the firm adds.