KO·ConsumerBUY

The Coca-Cola Company

Debjit Mukherjee·July 28, 2026

Price Target

$93.53

Upside

+7.5%

Investment Thesis

We upgrade Coca-Cola to BUY with a fair value near USD 94 against USD 87 today. The dividend stream, backed by 64 consecutive years of increases, is the better anchor for valuation than a five-year earnings model. The volume recovery looks durable: Q2 volume rose 5% while price/mix still held at +2%, led by India, China, the US, and Brazil.

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Report Details

AnalystDebjit Mukherjee

PublishedJuly 28, 2026

SectorConsumer

RatingBUY

Price Target$93.53

Current Price$87

For educational purposes only. Not investment advice. Price targets reflect analyst estimates as of the publication date.