Zevia upgraded to Outperform from Market Perform at Telsey Advisory

Telsey Advisory upgraded Zevia (ZVIA) to Outperform from Market Perform with a price target of $5, up from $3. The firm believes the company’s business is at an inflection point as its sales growth should turn positive in Q2. Telsey sees continued momentum for Zevia in the second half of 2025 and 2026 due to the expansion of new and existing distribution at Albertsons, Costco, Walgreens, and Walmart. The company has further opportunity across convenience and food service channels, the analyst tells investors in a research note.