UBS analyst Peter Grom has increased the price target for Coca-Cola (KO, Financial) shares from $78 to $84 while maintaining a Buy rating. This adjustment comes as part of the firm's first quarter outlook for the consumer staples sector.
According to Grom, the broader market for consumer staples is experiencing challenges, largely due to declining consumer demand and uncertainties related to tariffs. Despite these hurdles, UBS believes that Coca-Cola stands out as well-positioned going into the earnings season. The firm emphasizes the importance of investing in companies with strong or improving fundamental visibility, regardless of their current stock valuation.
In addition to Coca-Cola, UBS has identified several other companies as favorable investments ahead of their earnings reports, including Keurig Dr Pepper (KDP), Celsius (CELH), Monster Beverage (MNST), and Church & Dwight (CHD).
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 $75.52 with a high estimate of $85.00 and a low estimate of $59.60. The average target implies an upside of 5.35% from the current price of $71.68. 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 3.57% from the current price of $71.68. 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.
