The Coca-Cola Company (NYSE: 
KO) is set to report her earnings results before market open today. Shares of Coca-cola finished Mondays session down 1.34% amidst growing interest in the beverage and soda franchise.
Technically, shares ofKO are gearing for a bullish reversal as the daily time frame chart depicts a bullish rectangle pattern. Another bullish precursor is the ceiling of the rectangle has been broken already so attaining to the $100 resistant isn’t far-fetch.
The shares have gained 13% since the start of the year, amid a broader rotation into consumer staples stocks. Rival PepsiCo (PEP), which on Tuesday reported better-than-expected earnings, has also seen its stock surge in recent weeks.
Analyst Summary
According to 12 analysts, the average rating for KO stock is "Strong Buy." The 12-month stock price target is $80.58, which is an increase of 3.35% from the latest price.
About KO
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores.
KO) is set to report her earnings results before market open today. Shares of Coca-cola finished Mondays session down 1.34% amidst growing interest in the beverage and soda franchise. Technically, shares of
KO are gearing for a bullish reversal as the daily time frame chart depicts a bullish rectangle pattern. Another bullish precursor is the ceiling of the rectangle has been broken already so attaining to the $100 resistant isn’t far-fetch. The shares have gained 13% since the start of the year, amid a broader rotation into consumer staples stocks. Rival PepsiCo (PEP), which on Tuesday reported better-than-expected earnings, has also seen its stock surge in recent weeks.
Analyst Summary
According to 12 analysts, the average rating for KO stock is "Strong Buy." The 12-month stock price target is $80.58, which is an increase of 3.35% from the latest price.
About KO
The Coca-Cola Company, a beverage company, manufactures and sells various nonalcoholic beverages in the United States and internationally. The company provides sparkling soft drinks and flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers comprising restaurants and convenience stores.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.