Goldman Sachs Maintains Buy on Vita Coco, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bonnie Herzog has maintained a Buy rating on Vita Coco (NASDAQ:COCO) but reduced the price target from $32 to $28.
January 31, 2024 | 4:07 pm
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Goldman Sachs reaffirms a Buy rating on Vita Coco but lowers the price target to $28, indicating a positive outlook with a more conservative valuation.
While the Buy rating suggests confidence in Vita Coco's fundamentals and potential growth, the reduction in price target may reflect a more cautious view on the company's valuation or market conditions. This could lead to mixed reactions in the short term, as the endorsement is positive, but the lower price target might temper expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100