Coca-Cola's stock has surged approximately 26% in 2026, nearing its record high set in August. Management anticipates a 9% to 10% increase in adjusted earnings per share for the year, with about 3 percentage points attributed to currency effects. The company's unit case volume, which had previously declined by 1%, has rebounded to a 5% growth rate over the past year.
To reach the $100 per share mark before 2028, Coca-Cola's stock would need to climb roughly 14% from its current price of around $88. The stock has already risen about 26% this year, closing at nearly $92 in late August. With 15 months remaining until the end of 2027, this would translate to an annual price increase of about 11%, supplemented by a dividend yield of approximately 2.4%.
The company's organic revenue growth, excluding currency moves, acquisitions, and divestitures, was 5% last year. Analysts believe the stock can reach $100 if earnings continue to grow at their recent pace. Most of the recent stock rise came from a higher valuation rather than earnings growth, as adjusted earnings per share grew around 8% while the stock gained 26%. Management expects 2026 adjusted earnings per share of around $3.27 to $3.30, with currency accounting for about 3 points of growth. Excluding currency and other factors, the company expects growth of 7% to 8%.
Coca-Cola's unit case volume growth has accelerated, reaching 5% in the latest quarter, while price/mix growth has slowed. CEO Henrique Braun noted that the company is seeing volume and price/mix growth in tandem. The stock's valuation already assumes steady growth, and slower volume growth could push the $100 target to 2028. Analysts recommend tracking volume growth and price/mix in upcoming earnings reports to assess the company's progress.