The Coca-Cola Company (KO)
NYSE: KO · IEX Real-Time Price · USD
64.15
+0.23 (0.36%)
At close: Jun 6, 2024, 4:00 PM
64.09
-0.06 (-0.09%)
After-hours: Jun 6, 2024, 7:59 PM EDT
Stock Price Forecast
The 12 analysts with 12-month price forecasts for KO stock have an average target of 68.33, with a low estimate of 60 and a high estimate of 74. The average target predicts an increase of 6.52% from the current stock price of 64.15.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $60 | $68.33 | $70 | $74 |
| Change | -6.47% | +6.52% | +9.12% | +15.35% |
Analyst Ratings
The average analyst rating for KO stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Buy | 6 | 6 | 6 | 6 | 6 | 6 |
| Hold | 2 | 2 | 2 | 2 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Strong Buy Maintains $70 → $72 | Strong Buy | Maintains | $70 → $72 | +12.24% | May 22, 2024 |
| Barclays | Barclays | Buy Maintains $68 → $69 | Buy | Maintains | $68 → $69 | +7.56% | May 2, 2024 |
| UBS | UBS | Strong Buy Maintains $70 → $72 | Strong Buy | Maintains | $70 → $72 | +12.24% | May 1, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $67 → $70 | Buy | Maintains | $67 → $70 | +9.12% | May 1, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $65 → $68 | Buy | Maintains | $65 → $68 | +6.00% | May 1, 2024 |
Financial Forecast
Revenue This Year
47.07B
from 45.75B
Increased by 2.88%
from 45.75B
Revenue Next Year
49.36B
from 47.07B
Increased by 4.86%
from 47.07B
EPS This Year
2.91
from 2.47
Increased by 17.73%
from 2.47
EPS Next Year
3.11
from 2.91
Increased by 6.80%
from 2.91
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.27B | 33.01B | 38.66B | 43.00B | 45.75B | 47.07B | 49.36B | 52.01B | 54.65B | 57.49B |
| Revenue Growth | 8.65% | -11.41% | 17.09% | 11.25% | 6.39% | 2.88% | 4.86% | 5.37% | 5.08% | 5.18% |
| EPS | 2.07 | 1.79 | 2.25 | 2.19 | 2.47 | 2.91 | 3.11 | 3.31 | 3.56 | 3.82 |
| EPS Growth | 38.00% | -13.53% | 25.70% | -2.67% | 12.79% | 17.73% | 6.80% | 6.56% | 7.69% | 7.05% |
| Forward PE | - | - | - | - | - | 22.06 | 20.66 | 19.38 | 18.00 | 16.81 |
| No. Analysts | - | - | - | - | - | 27 | 27 | 16 | 6 | 6 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 48.6B | 51.4B | 54.9B | 57.5B | 61.2B |
| Avg | 47.1B | 49.4B | 52.0B | 54.7B | 57.5B |
| Low | 44.1B | 45.9B | 48.1B | 50.4B | 52.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.2% | 9.2% | 11.2% | 10.6% | 11.9% |
| Avg | 2.9% | 4.9% | 5.4% | 5.1% | 5.2% |
| Low | -3.5% | -2.4% | -2.5% | -3.0% | -3.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.00 | 3.24 | 3.53 | 3.73 | 3.97 |
| Avg | 2.91 | 3.11 | 3.31 | 3.56 | 3.82 |
| Low | 2.74 | 2.89 | 2.98 | 3.30 | 3.59 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.6% | 11.6% | 13.6% | 12.6% | 11.4% |
| Avg | 17.7% | 6.8% | 6.6% | 7.7% | 7.0% |
| Low | 11.1% | -0.6% | -4.1% | -0.2% | 0.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
