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Investing.com - Piper Sandler has raised its price target on Coca-Cola (NYSE:KO) to $81.00 from $80.00 while maintaining an Overweight rating on the stock. The beverage giant, currently trading at $71.22, shows strong financial health according to InvestingPro data.
The research firm cited potential margin upside in 2026 resulting from Coca-Cola’s productivity savings and restructuring actions aimed at becoming more efficient and digital. The company already maintains impressive gross profit margins of 61.4%. Piper Sandler also raised its earnings per share estimates for the beverage giant to $3.00 for 2025 and $3.23 for 2026.
Piper Sandler remains bullish on Coca-Cola’s long-term growth outlook, noting the company’s "best-in-class execution" positions it more favorably compared to peers, even in a challenging consumer environment.
The firm highlighted Coca-Cola’s strategy of meeting consumer needs through affordability initiatives, including price pack architecture, increased marketing efforts, and innovation across various pack sizes.
The new $81 price target represents approximately 25.0 times the company’s projected 2026 earnings per share, according to Piper Sandler’s analysis.
In other recent news, Coca-Cola has reported impressive third-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.82, exceeding the forecasted $0.78. The company also outperformed revenue projections, reporting $12.5 billion against a forecast of $12.41 billion. This strong performance has led several analysts to adjust their outlooks for the beverage giant. TD Cowen raised its price target to $80 from $75, maintaining a Buy rating, citing Coca-Cola’s better-than-expected organic sales and earnings per share performance.
Goldman Sachs also raised its price target to $72 from a previous target, maintaining a Neutral rating after Coca-Cola’s earnings beat, with the company reporting a 6% year-over-year organic revenue growth. Evercore ISI increased its price target to $82 from $78, maintaining an Outperform rating, noting improved trends in September and a unit case volume growth of 1%. These developments reflect a positive sentiment among analysts regarding Coca-Cola’s recent performance and future prospects.
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