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Should You Buy Coca-Cola on the Dip? By StockNews

by Mike Robinson

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© Reuters. Coca-Cola Dip: Do You Need to Buy?

Despite a dominant global market share and diverse revenue streams, Coca-Cola’s (KO) shares have dipped recently and underperformed since the beginning of the year. What makes KO an attractive buy? Continue reading. Coca-Cola (NYSE 🙂 is one the world’s most loved non-alcoholic beverage brands. The company’s product portfolio spans sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. Stock dropped by 5.4% in the past month, and 2.6% during the past five trading days. The last trading session closed at $52.64. This is due to investors moving toward more cyclical sector with solid recovery rates and higher risk appetites.

However, analysts are optimistic about the stock’s near-term prospects. The stock was rated Buy by eight Wall Street analysts, and Hold by six. Its median price target, $62.07, indicates an upside potential of 17.9% relative to its previous closing price.

Here’s what could shape KO’s performance in the near term:

Continue reading on StockNews

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