-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our 12-month target by $3 to $85, based on a 2027 P/E of 24.3x, a slight premium to KO's five-year average forward P/E multiple. We raise our adjusted EPS estimates by $0.03 to $3.28 for '26 and by $0.05 to $3.50 for '27. Following KO's Q1 earnings beat and guidance raise, we are raising our estimates and price target but maintaining Hold on the shares. While we were impressed with KO's Q1 earnings release (particularly its volume growth), we continue to view the stock's risk/reward potential as balanced and its valuation as fair. While we remain bullish on the growth prospects of KO's fairlife milk brand and recognize expected earnings benefits from the weaker U.S. dollar, we believe the stock's recent performance is reflecting these positives. Still, KO boasts one of the market's strongest earnings track records (its last quarterly earnings miss was in Q1 2017), and we acknowledge the company's long history of returning cash to shareholders, noting its S&P Dividend Aristocrat Index status.