CocaCola (NYSE:KO) Reaches New 1-Year High on Analyst Upgrade

Market Beat
2026.05.19 14:51
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CocaCola (NYSE:KO) reached a new 52-week high after Citigroup raised its price target from $90 to $91, maintaining a buy rating. The stock traded at $82.58, up from a previous close of $81.20. Analysts from Jefferies, Morgan Stanley, JPMorgan, and Barclays also increased their price targets, reflecting a bullish outlook. Insider selling has occurred, but overall sentiment remains positive, bolstered by strong Q1 results and potential growth from the 2026 FIFA World Cup.