Coca-Cola raises forecasts, bets on price hikes and ad blitz

Coca-Cola (KO) PT Raised to $70 at Truist Securities

Truist Securities analyst Bill Chappell raised the price target on Coca-Cola (NYSE: KO) to $70.00 (from $65.00) while maintaining a Buy rating.

The analyst comments "This is a follow up from our note published yesterday (see note here). We are maintaining our FY24 sales... More

Coca-Cola (KO) PT Raised to $75 at Argus

Argus analyst Christopher Graja raised the price target on Coca-Cola (NYSE: KO) to $75.00 (from $72.00) while maintaining a Buy rating.

The analyst comments " KO shares have underperformed the S&P 500 over the past quarter, rising 7% compared to gains of 10% for the index and 1% for the... More

Coca-Cola (KO) PT Raised to $68 at RBC Capital

RBC Capital analyst Nik Modi raised the price target on Coca-Cola (NYSE: KO) to $68.00 (from $65.00) while maintaining a Outperform rating.

The analyst comments "Another strong quarter for KO, delivering top line strength, volume momentum, with high quality earnings. Back half guidance... More

Coca-Cola (KO) PT Raised to $72 at CFRA

CFRA analyst Garrett Nelson raised the price target on Coca-Cola (NYSE: KO) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target by $4 to $72, based on a '25 P/E of 23.6x, a discount to KO's... More

Coca-Cola (KO) raises 2024 guidance, Q2 earnings and revenue tops estimates

(Updated - July 23, 2024 8:14 AM EDT)

Coca-Cola (NYSE: KO) revealed its second-quarter 2024 earnings, surpassing analyst expectations with an adjusted EPS of $0.84, $0.04 higher than the consensus estimate of $0.80.

Revenue also exceeded forecasts, reaching $12.4 billion against the anticipated $11.77 billion. The beverage giant's stock showed a marginal decline of 0.1% following the announcement.

The company's net revenues saw a 3% increase, with organic revenues... More