Coca-Cola Target Rises to $90, Following Strong Earnings and Raised Guidance

Wells Fargo & Company increased its price target for Coca-Cola (KO) to $90.00 from $87.00. The firm maintained an overweight rating on the stock. This new target represents a potential upside of more than 11% from the previous closing price.

Barclays, JPMorgan, and Evercore recently reiterated bullish ratings for the beverage giant. Erste Group Bank also raised its earnings per share estimate for the 2027 fiscal year.

Coca-Cola's first-quarter 2026 results exceeded both revenue and earnings expectations. The company subsequently raised its full-year financial guidance.

Institutional investors recently increased their holdings in the company. RiverFront Investment Group boosted its stake, while the North Dakota State Investment Board established a new position.