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Coca-Cola (KO) Stock Forecast & Price Target

$65.29
+0.10 (+0.15%)
(As of 07/19/2024 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

Based on 11 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 11 analysts, 1 has given a hold rating, and 10 have given a buy rating for KO.

Consensus Price Target

$70.00
7.21% Upside
High Forecast$72.00
Average Forecast$70.00
Low Forecast$64.00

According to the 11 analysts' twelve-month price targets for Coca-Cola, the average price target is $70.00. The highest price target for KO is $72.00, while the lowest price target for KO is $64.00. The average price target represents a forecasted upside of 7.21% from the current price of $65.29.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
9 Buy rating(s)
6 Buy rating(s)
10 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 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$70.00$68.55$67.09$67.40
Forecasted Upside7.21% Upside12.60% Upside13.36% Upside13.73% Upside
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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.
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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.
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Coca-Cola Stock vs. The Competition

TypeCoca-ColaConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.91
2.43
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside7.21% Upside703.31% Upside10.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$68.00 ➝ $72.00+14.96%
7/10/2024Bank of America
4 of 5 stars
 Boost TargetBuy ➝ Buy$68.00 ➝ $70.00+11.77%
6/24/2024BNP Paribas
3 of 5 stars
K. Grundy
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Initiated CoverageOutperform$72.00+14.70%
6/10/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$68.00 ➝ $70.00+9.48%
5/22/2024Argus
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 Boost TargetBuy ➝ Buy$70.00 ➝ $72.00+14.41%
5/2/2024Barclays
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 Boost TargetOverweight ➝ Overweight$68.00 ➝ $69.00+10.83%
5/1/2024UBS Group
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 Boost TargetBuy ➝ Buy$70.00 ➝ $72.00+16.49%
5/1/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$67.00 ➝ $70.00+13.77%
1/17/2024Citigroup
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 Boost TargetBuy$67.00 ➝ $68.00+13.35%
11/13/2023Jefferies Financial Group
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 Initiated CoverageHold$64.00+12.83%
7/27/2023Wedbush
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 Boost TargetOutperform$70.00 ➝ $71.00+12.57%
7/27/2023Royal Bank of Canada
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 Boost Target$69.00 ➝ $70.00+10.99%
6/7/2023HSBC
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 Lower Target$77.00 ➝ $74.00+22.70%
4/25/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$61.00 ➝ $63.00-1.49%
2/15/2023Credit Suisse Group
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Kaumil Gajrawala
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Set Target$70.00+17.47%
2/15/2023Wells Fargo & Company
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 Lower TargetOverweight$70.00 ➝ $68.00+14.44%
2/13/2023The Goldman Sachs Group
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Bonnie Herzog
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Boost TargetNeutral ➝ Neutral$61.00 ➝ $62.00+2.60%
10/11/2022Wolfe Research
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 Initiated CoverageOutperform$63.00+15.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:25 PM ET.

KO Forecast - Frequently Asked Questions

What is Coca-Cola's forecast for 2024?

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Coca-Cola is $70.00, with a high forecast of $72.00 and a low forecast of $64.00.

Should I buy or sell Coca-Cola stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last year. There is currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KO shares.

Does Coca-Cola's stock price have much upside?

According to analysts, Coca-Cola's stock has a predicted upside of 13.09% based on their 12-month stock forecasts.

What analysts cover Coca-Cola?

Coca-Cola has been rated by research analysts at Argus, Bank of America, Barclays, BNP Paribas, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, and UBS Group in the past 90 days.

Do Wall Street analysts like Coca-Cola more than its competitors?

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.


This page (NYSE:KO) was last updated on 7/21/2024 by MarketBeat.com Staff

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