Analysts Weigh In as Vita Coco (COCO) Surges Past Target Price
Shares of Vita Coco Co Inc (Symbol: COCO) recently traded above the average analyst 12-month target price of $35.33, currently sitting at $37.31 per share. When a stock exceeds an analyst’s target, they typically face two choices: either downgrade expectations based on valuation or raise the target price. Analyst decisions may also hinge on recent developments in the company that could justify an increase in the target price.
Currently, there are 9 analysts providing targets for Vita Coco Co Inc within the Zacks coverage universe. While the average target serves as a solid reference point, individual opinions vary. One analyst anticipates a target of $30.00, while another is optimistic with a target of $42.00. The standard deviation stands at $4.062, reflecting the different perspectives among analysts.
Understanding the average target price helps investors gain insights from a collective pool of expert opinions rather than relying on a single analyst’s viewpoint. As COCO trades above the average target price of $35.33, investors are prompted to consider the company’s future: Will the stock continue climbing, or is it time to reevaluate and possibly cash in some shares? Below is a detailed table of analyst ratings for Vita Coco Co Inc:
| Recent COCO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 6 | 6 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 4 | 4 | 4 | 4 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.8 | 1.8 | 1.8 | 1.8 |
The average rating, noted in the table, ranges from 1 (Strong Buy) to 5 (Strong Sell). This data was sourced from Zacks Investment Research via Quandl.com. Investors can access the latest Zacks research report on COCO at no cost.
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Related Information:
• Secondary Stock Offerings
• BFIT YTD Return
• KRC Dividend Growth Rate
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
