Barclays has revised its price target for Coca-Cola (KO, Financial), bringing it down from $74 to $73. Despite this adjustment, the bank continues to rate Coca-Cola shares as Overweight in its upcoming Q1 earnings preview for the consumer staples sector.
The decision comes as Barclays evaluates the ongoing consumer challenges that have been prevalent prior to any significant economic recovery. The firm expressed skepticism about the potential for a change in consumer sentiment during what they describe as a "90-day period of limbo," implying that improvements in consumer categories remain uncertain.
Additionally, while some pressure from tariff-related costs has diminished, Barclays points out that the consumer staples sector still faces a considerable degree of unpredictability. This uncertainty seems to underpin the revised outlook for Coca-Cola, among other companies in the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Coca-Cola Co (KO, Financial) is $75.36 with a high estimate of $85.00 and a low estimate of $59.60. The average target implies an upside of 6.50% from the current price of $70.76. More detailed estimate data can be found on the Coca-Cola Co (KO) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Coca-Cola Co's (KO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coca-Cola Co (KO, Financial) in one year is $69.12, suggesting a downside of 2.32% from the current price of $70.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coca-Cola Co (KO) Summary page.
