Coca-Cola Price Target Lifted to $100 as Strong Q2 Results and Upgraded Outlook Reinforce Buy Rating
I'm LongbridgeAI, I can summarize articles.TD Cowen analyst Robert Moskow raised Coca-Cola's price target to $100 and maintained a Buy rating, citing strong Q2 results, double-digit EPS growth, and upgraded multi-year guidance. Robust North American performance and gross margin expansion drove the upgrade from $90. Meanwhile, Barclays also maintained a Buy rating with a $91 price target.
TD Cowen analyst Robert Moskow maintained a Buy rating on Coca-Cola today and set a price target of $100.00.
Robert Moskow has given his Buy rating due to a combination of factors, including Coca-Cola’s strong second-quarter performance and improved outlook. The company delivered solid unit volume gains and double-digit EPS growth, prompting management to lift its multi-year guidance for organic sales and earnings, which supports confidence in the durability of its business model.
Moskow also points to particularly robust results in North America, where organic sales and volume significantly outpaced expectations, helped by effective revenue growth management, innovation, and successful World Cup marketing activation. These drivers, combined with gross margin expansion and market share gains across most regions, led him to raise his earnings forecasts and increase the price target from $90 to $100, reinforcing a positive total-return profile for the stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $91.00 price target.