Coca-Cola's (KO) outlook reflects cautious positioning while fundamental trajectory remains solid, with visibility into mid-single-digit organic growth and earnings expansion continuing to support a premium valuation, UBS Securities said in a Wednesday note.
Management forecast 2026 comparable earnings per share growth of 7% to 8%, implying $3.21 to $3.24, broadly in line with consensus, alongside 4% to 5% organic revenue growth, at the low end of its long-term range, the firm noted.
The brokerage expects price/mix to be less supportive in 2026 and flagged potential early-year volume pressure, but sees upside from favorable foreign exchange and benefits from bottling divestitures.
UBS said the risk/reward continues to the upside. The firm maintained its buy rating on the stock and raised its price target to $87 from $82.
Shares of Coca-Cola were up 2.3% in recent trading.
Price: 78.61, Change: +1.80, Percent Change: +2.34
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