Coca-Cola (KO) Stock Forecast & Price Target

$63.92 +0.16 (+0.25%)

(As of 11/22/2024 ET)

Coca-Cola - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
3

Buy
13

Based on 16 Wall Street analysts who have issued ratings for Coca-Cola in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 3 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for KO.

Consensus Price Target

$72.36
13.21% Upside

According to the 16 analysts' twelve-month price targets for Coca-Cola, the average price target is $72.36. The highest price target for KO is $80.00, while the lowest price target for KO is $65.00. The average price target represents a forecasted upside of 13.21% from the current price of $63.92.

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KO Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$72.36	$71.87	$70.20	$66.20
Forecasted Upside	13.21% Upside	6.79% Upside	0.59% Upside	13.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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KO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Coca-Cola Stock vs. The Competition

Type	Coca-Cola	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.88	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	13.21% Upside	35.59% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent KO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/25/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$74.00 ➝ $73.00	+8.79%
10/24/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$78.00 ➝ $76.00	+11.73%
10/16/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$70.00 ➝ $80.00	+13.48%
9/27/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Laboy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$73.00 ➝ $78.00	+8.00%
9/5/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
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7/25/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$65.00 ➝ $70.00	+5.72%
7/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$72.00 ➝ $75.00	+14.02%
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$65.00 ➝ $68.00	+3.61%
7/24/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$64.00 ➝ $65.00	-0.76%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $72.00	+14.96%
7/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$68.00 ➝ $70.00	+11.77%
6/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Grundy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$72.00	+14.70%
5/22/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $72.00	+14.41%
5/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $72.00	+16.49%
5/1/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$67.00 ➝ $70.00	+13.77%
11/13/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$64.00	+12.83%
7/27/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$70.00 ➝ $71.00	+12.57%
6/7/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$77.00 ➝ $74.00	+22.70%
2/15/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Kaumil Gajrawala Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$70.00	+17.47%
2/13/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bonnie Herzog Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$61.00 ➝ $62.00	+2.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:54 AM ET.

Should I Buy Coca-Cola Stock? KO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Coca-Cola pros and cons to contact@marketbeat.com.

Coca-Cola
Bull Case

Here are some ways that investors could benefit from investing in Coke:

The current stock price of Coke is $63.01, which reflects a recent increase of 0.7%. This could indicate positive market sentiment and potential for further growth.
Coke recently reported earnings per share (EPS) of $0.77, exceeding analysts' expectations of $0.74. This strong performance can signal financial health and operational efficiency, making it an attractive investment.
The company has a solid dividend yield of 3.08%, with a quarterly dividend of $0.485 announced for payment on December 16th. This consistent dividend can provide a reliable income stream for investors.
Analysts have a consensus rating of "Moderate Buy" for Coke, with an average target price of $72.36. This suggests that many experts believe the stock has room for appreciation, which can be a positive indicator for potential investors.
Coke has a strong market capitalization of $271.43 billion, indicating its stability and ability to weather market fluctuations, which can be reassuring for investors looking for long-term growth.

Coca-Cola
Bear Case

Investors should be bearish about investing in Coke for these reasons:

Insider selling has been notable, with executives selling a total of 160,881 shares valued at over $10 million in the last three months. This could raise concerns about the confidence of insiders in the company's future performance.
The company's revenue was down 0.8% compared to the same quarter last year, which may indicate challenges in maintaining growth and could be a red flag for potential investors.
Coke's debt-to-equity ratio stands at 1.53, suggesting that the company has a relatively high level of debt compared to its equity. This could pose risks, especially in a rising interest rate environment.
Despite positive analyst ratings, some firms have recently lowered their price targets, indicating a cautious outlook that could affect investor sentiment.
The stock has a price-to-earnings (P/E) ratio of 25.68, which may be considered high compared to industry averages, potentially making it less attractive for value-focused investors.

KO Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Coca-Cola is $72.36, with a high forecast of $80.00 and a low forecast of $65.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last twelve months. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KO shares.
: According to analysts, Coca-Cola's stock has a predicted upside of 13.21% based on their 12-month stock forecasts.
: Over the previous 90 days, Coca-Cola's stock had 1 upgrade by analysts.
: Coca-Cola has been rated by research analysts at Barclays, Cfra, Hsbc Global Res, Morgan Stanley, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Coca-Cola more than other "consumer staples" companies. The consensus rating for Coca-Cola is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how KO compares to other companies.

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This page (NYSE:KO) was last updated on 11/23/2024 by MarketBeat.com Staff

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Coca-Cola (KO) Stock Forecast & Price Target