Coca-Cola’s recent gains may be set to continue over the coming months, according to JPMorgan. Analyst Andrea Teixeira, who has an overweight rating on the beverage stock, increased her year-end 2025 price target to $78 from $74 ahead of the company’s first-quarter results April 29 before the opening bell. That updated target implies almost 7% upside from Thursday’s close. Teixeira’s bullish stance comes as shares have already outperformed the broader market over the past few months. The stock is up 17% over the past three months, while the S & P 500 has lost 14% in that time. “The company’s broad geographic reach (the U.S. represents only ~17% of systemwide volumes) means that oftentimes softness in a particular market can be offset by stronger-than-expected performance in others, and the company can adjust/emphasize price/pack offerings in order to serve consumer needs for affordability and/or premiumization,” analyst Andrea Teixeira wrote in a note on Monday, adding that its “all-weather strategy makes KO a ‘port in a storm.'” “All of this is supported by multi-year investments behind marketing, innovation, and commercial execution,” she said. KO .SPX YTD mountain KO vs. S & P 500, year-to-date Along with its geographic diversity and potential to maneuver through “dynamic” operating environments, Teixeira thinks Coca-Cola can keep up its premium relative to its peers. She also said that the “relatively more defensive” name could be among those in her coverage with the highest organic sales growth this year, even though it’s not fully immune to President Donald Trump’s tariffs or a potential slowdown in the economy. On the tariffs front, the analyst believes that any impact on Coca-Cola could be “limited,” with the most direct impact coming from juice given that the company sources it both internationally and locally. She also noted the 25% tariff on steel and aluminum , which may lead to some impact on the U.S. market if bottlers are forced to offset cost inflation. “The company helps bottlers manage through the impacts through its cross-enterprise procurement team and also can emphasize different package types if there is cost pressure on aluminum,” she also wrote. “Net-net, management doesn’t see a potential impact from aluminum cost inflation to derail its outlook and that given the size of exposure, it is a manageable issue.” Teixeira’s bullish view of Coca-Cola is among the majority on Wall Street. In fact, 23 out of 28 analysts covering it have a strong buy or buy rating, according to LSEG data. The remaining five analysts have stepped to the sidelines with a hold rating. Shares were about 0.5% higher in morning trading on Monday as the market sold off.
