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The Coca-Cola Company (NYSE:KO) is included among the 15 Best DRIP Stocks to Own Right Now.
On October 31, Freedom Capital analyst Georgy Vashchenko raised the price target for The Coca-Cola Company (NYSE:KO) from $73.20 to $78 while maintaining a Hold rating. The analyst noted that the investment thesis for the company remains unchanged, but the new target suggests roughly 14% upside potential, reflecting expectations for stronger operating profitability over the forecast period.
In its third-quarter earnings report, Chairman and CEO James Quincey highlighted ongoing volume growth despite a challenging operating environment, noting that The Coca-Cola Company (NYSE:KO) achieved value share gains across all segments for the 18th consecutive quarter and made steady progress with its all-weather strategy.
The company posted third-quarter comparable EPS of $0.82, up 6% year-over-year, despite facing a 6% currency headwind, higher net interest expenses, and an increased effective tax rate. Free cash flow, excluding fairlife contingent consideration, reached $8.5 billion, while net debt leverage stood at 1.8 times EBITDA.
While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Consistent Dividend Stocks to Buy Now and 15 Dividend Growth Stocks with the Highest Growth Rates.
Disclosure: None.
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