The Coca-Cola Company

NYSE:KO Stock Report

Market Cap: US$373.7b

Coca-Cola Future Growth

Future criteria checks 2/6

Coca-Cola is forecast to grow earnings and revenue by 5.4% and 1.9% per annum respectively. EPS is expected to grow by 5.6% per annum. Return on equity is forecast to be 39.1% in 3 years.

Key information

5.4%

Earnings growth rate

5.59%

EPS growth rate

Beverage earnings growth8.0%
Revenue growth rate1.9%
Future return on equity39.06%
Analyst coverage

Good

Last updated29 Jul 2026

Recent future growth updates

Analysis Article • Jul 31

Earnings Beat: The Coca-Cola Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for The Coca-Cola Company ( NYSE:KO ) shareholders, because the company has just released its...

Recent updates

Narrative Update • Aug 04

KO: Beat And Raise Momentum Will Balance Fairlife And Tax Risks

Coca-Cola's analyst fair value estimate has shifted from $88.22 to $94.70, reflecting a series of higher price targets after a strong Q2 earnings beat, raised 2026 guidance, and analyst confidence in the company's execution, brand partnerships, and system resilience. Analyst Commentary Recent research on Coca-Cola centers on how the Q2 earnings beat and higher 2026 guidance feed into views on valuation, growth durability, and execution quality.
Analysis Article • Jul 31

Earnings Beat: The Coca-Cola Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for The Coca-Cola Company ( NYSE:KO ) shareholders, because the company has just released its...
Seeking Alpha • Jul 29

Coca-Cola: I Was Wrong, But Future Returns May Be Disappointing

Summary The Coca-Cola Company has outperformed expectations, delivering robust earnings and margin expansion despite consumer spending headwinds. KO's Q2 revenue grew 7.2% to $13.4B, with EPS up 11% to $0.97, both beating estimates. Margin expansion remains a key differentiator, with core operating margins up 90 bps to 35.6% and gross margins at 62.56%. Valuation now reflects strong execution, potentially limiting forward returns. Optimal entry may be on a pullback to the $60–$65 range. Read the full article on Seeking Alpha
Narrative Update • Jul 20

KO: World Cup Marketing, Fairlife Disruption And Tax Overhang Will Shape Returns

Coca-Cola's analyst price target has shifted higher, with the updated fair value moving from about $86 to about $88, as analysts factor in steady profit expectations, a slightly higher future P/E assumption, and continued confidence in brands like Fairlife despite recent operational issues. Analyst Commentary Recent Street research on Coca-Cola points to generally constructive sentiment, with several firms lifting price targets and highlighting both brand strength and execution on key growth platforms such as Fairlife.
Narrative Update • Jun 24

KO: World Cup Push And Tax Overhang Will Shape Future Returns

The analyst price target for Coca-Cola has shifted slightly lower by about $0.09, as analysts balance optimism around premium brands like Fairlife and large-scale World Cup marketing with more cautious views on Latin America and regulatory headwinds. Analyst Commentary Recent research on Coca-Cola highlights a split between enthusiasm for growth drivers such as Fairlife and large global events, and caution around regional and regulatory risks that could weigh on execution and valuation.
Narrative Update • Jun 05

KO: World Cup Campaign And Pricing Power Will Support Future Upside

Coca-Cola’s analyst price target has been revised to align with a fair value of about $86.06, supported by a series of recent target increases into the high $80s and low $90s as analysts highlight potential volume uplift from the World Cup marketing push and relative pricing power within beverages. Analyst Commentary Analysts covering Coca-Cola have been revising targets into a tight band around the high US$80s to low US$90s, with several recent moves that cluster around the US$87 to US$91 range.
Narrative Update • May 17

KO: Pricing Power And Category Positioning Will Support Balanced Future Risk Reward

Narrative update on Coca-Cola The analyst price target for Coca-Cola has been raised to $85.71 from $83.67 as analysts factor in a higher assumed future P/E of about 29x and a slightly higher discount rate. Revenue growth and margin expectations remain relatively stable after a series of recent price target increases across major firms.
Narrative Update • Apr 25

KO: Pricing Power And Bottler Alignment Will Shape Balanced Future Risk Reward

Analysts have raised Coca-Cola's average price target by $3, citing supportive sector views on beverages, repeated target increases from several major firms, and confidence reflected in its Top Pick designation at one broker. Analyst Commentary Recent research points to a cluster of price target increases on Coca-Cola, along with a renewed Top Pick call in beverages, giving investors a clearer view of how the Street is framing the risk and reward setup.
Narrative Update • Apr 10

KO: Protein Pricing Power And Bottler Model Will Shape Future Risk Reward Balance

Analysts have raised the Coca-Cola fair value estimate by about $0.17 per share to $83.67, citing higher price targets across several firms and factors such as solid profit margins, pricing power in the beverage category, and exposure to growing protein-based drink trends. Analyst Commentary Recent research points to a cluster of higher price targets for Coca-Cola, anchored in views around pricing power, category mix, and exposure to emerging beverage trends such as protein drinks.
Narrative Update • Mar 27

KO: Protein Exposure And Bottler Model Will Support Future Fair Value Reassessment

The modest rise in the analyst price target for Coca-Cola, supported by multiple firms lifting their targets into an $87 to $90 range and citing factors like resilient beverage pricing power and growing exposure to protein categories, contributes to a slightly higher fair value estimate of $83.49, up from $83.36. Analyst Commentary Bullish analysts are generally constructive on Coca-Cola, with recent research focusing on pricing power, exposure to protein categories, and supportive sell side sentiment within consumer staples.
Narrative Update • Mar 12

KO: Fair Value View Will Weigh Bottler Model And Portfolio Adjustments

Analysts have nudged their fair value estimate for Coca-Cola higher to $83.36 from $82.63, reflecting updated price targets across several firms that cite a constructive tone from recent presentations and continued support for the bottler-focused model. Analyst Commentary Recent research updates cluster around higher price targets, with several firms lifting their views following Coca-Cola's latest conference presentations and continued focus on its bottler-centric approach.
Narrative Update • Feb 26

KO: Fair Value View Will Weigh Leadership Change And Portfolio Exit Plans

The analyst price target for Coca-Cola has increased from $79.80 to $82.63. Analysts cite a positive tone from recent company presentations and broadly higher Street targets as key supports for the update.
New Narrative • Feb 23

Coca-Cola’s Enduring Moat in a Health-Conscious World: Steady Compounder Poised for 5-10% Annual Returns Through Emerging Market Dominance

Business Model in Simple Terms Imagine Coca-Cola as the world’s most powerful “thirst quencher” franchise. The company doesn’t bottle most of its drinks—it sells concentrated syrup and branding rights to independent bottlers worldwide.
Narrative Update • Feb 10

KO: Fair Value View Will Weigh Portfolio Shift And Leadership Transition

Analysts have modestly raised their Coca-Cola fair value estimate to about US$79.80 from roughly US$77.57, citing updated views on discount rates, revenue growth, profit margins, and future P/E assumptions reflected in recent Street research. Analyst Commentary Recent Street research around the modestly higher fair value estimate for Coca-Cola gives you a window into how analysts are thinking about the trade off between valuation, execution, and growth expectations.
Narrative Update • Oct 22

Analysts Adjust Price Targets as Coca-Cola Shows Resilience and Faces International Uncertainty

Coca-Cola's analyst consensus price target has been modestly increased from $78 to around $80 per share. Analysts cite continued strong quarterly performance and expectations for resilient organic sales growth, despite some international volume softness.
Narrative Update • Oct 08

Digital Platforms And Emerging Markets Will Unlock Future Potential

Coca-Cola's analyst price target was lowered by approximately $0.91 to reflect softer international volume trends and a reduction in organic sales guidance range, according to analysts. Analyst Commentary Recent street research reflects evolving perspectives on Coca-Cola's outlook, as analysts reassess valuation targets and growth prospects in response to shifting international demand trends.
Analysis Article • Sep 24

Weekly Picks: ⛏️ The Gold Play With Permits, A Plan And Real Momentum And 2 More Picks

This week’s picks cover: Why most people don’t understand The Cheesecake Factory’s potential, how fully permitted gold miner, 1911 Gold, could offer 50x return, why rate cuts benefit dividend plays like Coca Cola immensely.
New Narrative • Sep 22

Coca-Cola’s Intrinsic Value Set to Rise with Fed Rate Cut

The Federal Reserve’s recent 25 basis point cut may appear modest, but for Coca-Cola (NYSE: KO), it carries meaningful implications for valuation. As a consumer staples giant with steady free cash flows and a reputation as a dividend aristocrat, KO is highly sensitive to discount rates in long-term models.
Seeking Alpha • Apr 19

Coca-Cola: Best Inflation Hedge In Today's Turbulent Market

Summary Coca-Cola is a strong buy due to its defensive business model, robust pricing power, and consistent cash flow amid market volatility and economic uncertainty. Despite potential tariff impacts, Coca-Cola’s global presence and diversified supply chain mitigate risks, ensuring resilience and profitability. The company's impressive profit margins, consistent revenue growth, and strong dividend policy make it a reliable investment for stable passive income. While overvalued, Coca-Cola's sustained operational strength and market performance justify the premium, offering long-term growth and stability. Read the full article on Seeking Alpha
Seeking Alpha • Mar 31

The Coca-Cola Company: First Quarter Results Belies Valuation Concerns

Summary Coca-Cola, despite its iconic brand, has underperformed the S&P 500, offering 142.3% returns over the last decade compared to the S&P 500's 227.9%. I reiterate my strong sell rating due to limited future pricing power, forex headwinds, and unrealistic growth prospects priced in by the market. Coke has significantly raised prices since 2021, with notable increases in Europe, the Middle East, Africa, Latin America, and North America in 2024. Despite minor sales volume improvements, Coca-Cola's reliance on pricing power and ongoing challenges suggest continued underperformance compared to broader indexes. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:KO - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202852,11215,87814,68017,05012
12/31/202749,81614,87414,03515,18818
12/31/202649,72314,28112,12413,40017
7/3/202650,12914,31614,29716,342N/A
4/3/202649,28413,70112,56214,631N/A
12/31/202547,94113,1075,2967,408N/A
9/26/202547,66313,0315,5707,603N/A
6/27/202547,06212,183-7221,301N/A
3/28/202546,89010,784-9281,075N/A
12/31/202447,06110,6314,7416,805N/A
9/27/202446,36610,4093,4125,524N/A
6/28/202446,46510,6489,05411,083N/A
3/29/202446,07410,78410,02111,967N/A
12/31/202345,75410,7149,74711,599N/A
9/29/202345,03010,77210,17011,879N/A
6/30/202344,14010,5109,48911,101N/A
3/31/202343,4939,8689,01210,555N/A
12/31/202243,0049,5429,53411,018N/A
9/30/202242,3439,92510,04711,462N/A
7/1/202241,3229,57110,24211,646N/A
4/1/202240,12610,30710,24411,612N/A
12/31/202138,6559,77111,25812,625N/A
10/1/202137,8028,81311,70912,855N/A
7/2/202136,4128,07911,49212,583N/A
4/2/202133,4337,2179,85810,924N/A
12/31/202033,0147,7478,6679,844N/A
9/25/202033,4718,3337,3138,920N/A
6/26/202034,3269,189N/A8,756N/A
3/27/202037,17310,017N/A10,239N/A
12/31/201937,2668,920N/A10,471N/A
9/27/201936,0047,748N/A9,708N/A
6/28/201935,2727,035N/A9,442N/A
3/29/201934,6966,744N/A7,756N/A
12/31/201834,3006,434N/A7,627N/A
9/28/201834,0062,711N/A6,869N/A
6/29/201834,3092,278N/A6,385N/A
3/30/201834,5901,333N/A6,936N/A
12/31/201736,2121,248N/A7,041N/A
9/29/201737,3074,550N/A7,935N/A
6/30/201738,8624,149N/A8,318N/A
3/31/201740,6996,226N/A8,956N/A
12/31/201641,8636,527N/A8,792N/A
9/30/201642,4547,214N/A8,861N/A
7/1/201643,2487,617N/A9,230N/A
4/1/201643,8657,277N/A9,558N/A
12/31/201544,2947,351N/A10,528N/A
10/2/201545,1666,884N/A11,026N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KO's forecast earnings growth (5.4% per year) is above the savings rate (3.5%).

Earnings vs Market: KO's earnings (5.4% per year) are forecast to grow slower than the US market (16.7% per year).

High Growth Earnings: KO's earnings are forecast to grow, but not significantly.

Revenue vs Market: KO's revenue (1.9% per year) is forecast to grow slower than the US market (12.8% per year).

High Growth Revenue: KO's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KO's Return on Equity is forecast to be high in 3 years time (39.1%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/04 02:15
End of Day Share Price 2026/08/04 00:00
Earnings2026/07/03
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Coca-Cola Company is covered by 47 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Michael BrancaBarclays
Lauren LiebermanBarclays