TD Cowen Issues Positive Forecast for Coca-Cola (NYSE:KO) Stock Price

28 Oct 2026, 13:01 by Teresa Graham · The Cerbat Gem

Coca-Cola (NYSE:KO – Get Free Report) had its target price lifted by analysts at TD Cowen from $100.00 to $104.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s price target indicates a potential upside of 13.27% from the stock’s current price.

Several other research analysts also recently weighed in on KO. DZ Bank reaffirmed a “buy” rating on shares of Coca-Cola in a report on Wednesday, July 29th. Morgan Stanley raised their price target on Coca-Cola from $100.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein restated a “market perform” rating and issued a $93.00 price objective (up from $83.00) on shares of Coca-Cola in a research report on Wednesday, July 29th. Argus upped their price objective on Coca-Cola from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays increased their target price on Coca-Cola from $93.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola presently has a consensus rating of “Moderate Buy” and an average price target of $97.45.

Check Out Our Latest Stock Analysis on KO

Coca-Cola Price Performance

NYSE:KO traded up $0.64 during trading hours on Wednesday, hitting $91.81. 5,698,652 shares of the stock traded hands, compared to its average volume of 16,869,563. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.97. Coca-Cola has a 1 year low of $67.27 and a 1 year high of $95.37. The company has a market cap of $395.04 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 3.61 and a beta of 0.32. The stock has a 50 day moving average price of $89.29 and a 200 day moving average price of $81.73.

Coca-Cola (NYSE:KO – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Coca-Cola had a net margin of 28.56% and a return on equity of 39.38%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Sell-side analysts forecast that Coca-Cola will post 3.30 EPS for the current fiscal year.

Insider Activity at Coca-Cola

In other news, CFO John Murphy sold 152,483 shares of Coca-Cola stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $87.31, for a total value of $13,313,290.73. Following the sale, the chief financial officer directly owned 279,917 shares of the company’s stock, valued at approximately $24,439,553.27. The trade was a 35.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Nancy Quan sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $90.39, for a total value of $4,519,500.00. Following the completion of the sale, the executive vice president owned 223,330 shares in the company, valued at $20,186,798.70. This represents a 18.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 323,806 shares of company stock valued at $28,820,577. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coca-Cola

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KO. Guardian Partners Inc. bought a new stake in Coca-Cola in the 2nd quarter worth approximately $27,000. Horizons Wealth Management bought a new position in shares of Coca-Cola during the 3rd quarter valued at approximately $31,000. Atomic Invest LLC boosted its position in shares of Coca-Cola by 38.7% during the 2nd quarter. Atomic Invest LLC now owns 437 shares of the company’s stock valued at $36,000 after acquiring an additional 122 shares during the last quarter. Timbuktu Capital Management LLC purchased a new position in shares of Coca-Cola in the second quarter valued at $41,000. Finally, Holos Integrated Wealth LLC grew its holdings in shares of Coca-Cola by 35.2% in the third quarter. Holos Integrated Wealth LLC now owns 541 shares of the company’s stock valued at $51,000 after purchasing an additional 141 shares in the last quarter. 70.26% of the stock is owned by institutional investors.

Trending Headlines about Coca-Cola

Here are the key news stories impacting Coca-Cola this week:

Positive Sentiment: Earnings and revenue beat estimates. Coca-Cola reported adjusted earnings of $0.91 per share versus the $0.88 consensus, while revenue reached approximately $13.4 billion, ahead of the $12.92 billion forecast and up 7.2% year over year. Coca-Cola Q3 Earnings Beat Estimates on Volume Growth, Outlook Raised
Positive Sentiment: Management raised guidance for the third consecutive quarter. Coca-Cola now expects comparable adjusted EPS growth of at least 11% in 2026, up from its prior 9% to 10% forecast. The improved outlook contrasts with guidance reductions from some consumer-sector peers. KO stock rises slightly as Coca-Cola raises 2026 outlook for third straight quarter
Positive Sentiment: Underlying demand remained resilient. Global unit-case volume increased 5%, including a 16% gain for Coca-Cola Zero Sugar, while organic revenue grew 7%. International markets and premium beverages offset weakness in parts of the U.S. business. Year-to-date free cash flow reached $11.4 billion, supporting dividends and shareholder returns. Coca-Cola Organic Revenue Jumps 7% Despite Flat North America Volumes
Neutral Sentiment: U.S. performance remains a key watch point. North American volume was flat, with weakness in water, sports drinks, coffee and tea partly offset by growth in core Coca-Cola brands. Management also warned that consumer pressures could persist into 2027. Coca-Cola Delivers a Big Earnings Beat
Negative Sentiment: Expectations and valuation are elevated. After a roughly 30% 2026 rally, KO trades at about 28 times earnings, while its dividend yield near 2.3% is lower than some alternatives. Open IRS litigation and potential revenue pressure from divestitures add further uncertainty.

Coca-Cola Company Profile

(Get Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Founded in 1886, it is best known for Coca-Cola, one of the world’s most recognized soft drink brands.

The company owns, licenses, and markets a broad portfolio of beverages, including sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, smartwater, Powerade, Minute Maid, Simply, fairlife, and Costa Coffee, among others.