Coca-Cola Stock Rises 21.8% YTD as Bank of America Lifts Price Target to $95

According to Hankyung Global Market, Coca-Cola closed at $84.25 on July 13, gaining 21.8% year-to-date as investors favor defensive equities amid geopolitical uncertainty and AI valuation concerns. Bank of America raised its price target to $95 from $90, while UBS maintained a 'Buy' rating with a $92 target, citing the company's predictable earnings and stability during market volatility. The beverage giant has raised dividends for 64 consecutive years and increased its quarterly payout to 53 cents from 51 cents this year.

Coca-Cola reported Q1 revenue of $12.47 billion, up 12% year-over-year, with adjusted operating income rising 13.5%. The company raised its full-year adjusted EPS growth guidance to 8-9% from 7-8%, supported by volume growth in India, Africa, and Southeast Asia.