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Wells Fargo Reaffirms Their Buy Rating on Vita Coco Company (COCO)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

Wells Fargo analyst Christopher Carey maintained a Buy rating on Vita Coco Company today and set a price target of $63.00.

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According to TipRanks, Carey is a 2-star analyst with an average return of 0.6% and a 46.92% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as General Mills, Church & Dwight, and Kimberly Clark.

Currently, the analyst consensus on Vita Coco Company is a Moderate Buy with an average price target of $57.50.

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Based on Vita Coco Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $182.31 million and a net profit of $24 million. In comparison, last year the company earned a revenue of $132.91 million and had a net profit of $19.25 million

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