Coca-Cola's Bull Run Continues Despite Risks
Coca-Cola (KO) has been a favorite of Warren Buffett's for nearly four decades, and the beverage giant is finally getting attention from investors. Shares have climbed 28.24% year to date and 35.86% over the past year.
Our 24/7 Wall St. price target for Coca-Cola is $97.16 over the next 12 months, which represents a buy call with high confidence driven by durable brand strength, expanding margins, and a raised full-year guide.
The company's revenue growth and margin expansion have been impressive, with global unit case volume rising 5% in Q2 2026. Coca-Cola has also raised its full-year comparable EPS growth guidance to between 9% and 10%, marking its fifth consecutive earnings beat.
While the company faces some risks, such as a $960 million BODYARMOR impairment booked in Q4 2025, our bull-case scenario points to $101.57, a 15.1% total return, if the raised guide holds and fairlife capacity ramps at Webster.