Coca-Cola has received a "Buy" rating from UBS, with a target price of $82, after reporting positive third-quarter sales figures. Analyst Peter Grom emphasized the company's strong performance in a report released on October 23, 2024.
Grom cautioned that market estimates for the fourth quarter may be too optimistic. Coca-Cola is facing competition and investors are closely monitoring its performance in the upcoming quarter. This analysis reflects UBS's confidence in Coca-Cola's growth potential, while also advising caution regarding future market expectations.