In recent stock market developments, Wells Fargo analyst Chris Carey has updated his stance on Vita Coco (COCO, Financial), maintaining an "Overweight" rating while raising the target price. The new price target has been adjusted to USD 43.00, up from the previous target of USD 39.00. This adjustment signifies a 10.26% increase in the valuation estimate for COCO.
The decision to raise the price target reflects a positive outlook from Wells Fargo on Vita Coco's potential market performance. It is important for investors to note that the rating remains unchanged at "Overweight," suggesting that the stock is expected to perform well compared to other stocks.
This update was announced on May 30, 2025, and reflects the continued confidence in Vita Coco's business strategies and market position. Investors in the stock market considering COCO should take this updated target price into account when making investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for The Vita Coco Co Inc (COCO, Financial) is $38.67 with a high estimate of $45.00 and a low estimate of $34.00. The average target implies an upside of 8.92% from the current price of $35.50. More detailed estimate data can be found on the The Vita Coco Co Inc (COCO) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, The Vita Coco Co Inc's (COCO, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Vita Coco Co Inc (COCO, Financial) in one year is $31.43, suggesting a downside of 11.46% from the current price of $35.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Vita Coco Co Inc (COCO) Summary page.
