Analysts See Strong Potential in Coca-Cola Europacific Partners Amidst Concerns About Second-Half Performance

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received an average recommendation of 'Moderate Buy' from twelve analysts covering the firm, according to MarketBeat. Four have rated the stock with a hold recommendation and eight issued a buy recommendation on the company.

The average 1-year price objective among analysts is $108.22. Several brokerages have recently weighed in on CCEP. Sanford C. Bernstein reiterated a 'market perform' rating and issued a $106.00 price objective, while UBS Group increased their price target from $107.00 to $109.00 with a 'buy' rating.

Wells Fargo & Company upped their price objective on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an 'overweight' rating in a research note, while Barclays lifted their price target from $108.00 to $114.00 with an 'overweight' rating.

Coca-Cola Europacific Partners reported strong first-half results, exceeding forecasts, with revenue rising 6.1% and operating profit increasing 8.1%. However, investors are weighing a tougher second half, including six fewer selling days and greater exposure to commodity and geopolitical cost pressures.