Cane Sugar and Strong Margins: JPMorgan Sees More Upside for Coca-Cola

The Coca-Cola Company (NYSE:KO) is one of the best trade-war-resistant stocks to buy now. On July 23, 2025, JPMorgan’s Andrea Teixeira raised the price target on KO from $77 to $79 and reaffirmed an Overweight rating, citing the company’s pricing power and resilience amid macroeconomic pressure.

That outlook followed a solid second quarter: adjusted earnings per share came in at $0.87, beating estimates of $0.83, while comparable revenue rose 2.5% to $12.6 billion. Net revenue was up 1% to $12.5 billion. The company also announced it will launch a U.S. version of its cane sugar-sweetened Coca‑Cola this fall, expanding beyond the long-standing glass‑bottled "Mexican Coke" and responding to both consumer preference and tightening food regulations.

Coca‑Cola Zero Sugar continued to gain traction, with global volume up 14% year over year. Overall volume dipped around 1%, but higher prices and favorable product mix helped offset the decline.

Coca‑Cola is the global beverage giant behind iconic brands like Coca‑Cola, Sprite, Fanta, and Coca‑Cola Zero Sugar.

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Disclosure: None.