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Analysts Offer Insights on Consumer Goods Companies: Vita Coco Company (COCO) and The Hershey Company (HSY)

Tipranks - Thu May 14, 7:40AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Vita Coco Company (COCO) and The Hershey Company (HSY) with bullish sentiments.

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Vita Coco Company (COCO)

In a report released yesterday, Bonnie Herzog from Goldman Sachs maintained a Buy rating on Vita Coco Company, with a price target of $71.00. The company’s shares closed last Tuesday at $74.61.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.1% and a 55.9% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Constellation Brands, and Colgate-Palmolive. ;'>

Vita Coco Company has an analyst consensus of Moderate Buy, with a price target consensus of $70.14, a -3.2% downside from current levels. In a report issued on April 29, TipRanks – xAI also upgraded the stock to Buy with a $57.00 price target.

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The Hershey Company (HSY)

Goldman Sachs analyst Leah Jordan maintained a Buy rating on The Hershey Company yesterday and set a price target of $240.00. The company’s shares closed last Tuesday at $191.91.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 12.8% and a 53.6% success rate. Jordan covers the Consumer Goods sector, focusing on stocks such as Grocery Outlet Holding, Once Upon a Farm, PBC, and Albertsons Companies. ;'>

The Hershey Company has an analyst consensus of Hold, with a price target consensus of $215.88, representing a 13.4% upside. In a report issued on May 1, TD Cowen also upgraded the stock to Buy with a $210.00 price target.

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