Barclays Raises The Coca-Cola (KO) Price Target to $98

Barclays keeps a positive stance on The Coca-Cola Company, raising its price target to $98.00, a 4.41% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 5:15 PM EDT · Updated Oct 16, 2026, 11:15 PM EDT

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Barclays raised its price target on The Coca-Cola Company ($KO) to $98 from $93 on October 16, 2026, and rates the stock "Overweight".

KO The Coca-Cola Company

$93.90 +38.50% year to date

Daily close · Oct 16, 2026

Key Points

Barclays reiterated its Overweight rating on The Coca-Cola Company on October 16, 2026, pushing its price target from $93.00 to $98.00.
Barclays's $98 price target implies 4.41% upside from The Coca-Cola Company's ($KO) current $93.86 share price.
The beverage giant recently traded around $93.86, sitting just below its 52-week high while analysts maintain a consensus buy recommendation.
Several institutional investors and company insiders have adjusted their positions as the firm heads toward its upcoming earnings report.

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Barclays has renewed its positive outlook on The Coca-Cola Company NYSE:KO, keeping an Overweight rating on the beverage maker while lifting its price target from $93.00 to $98.00 on October 16, 2026. The stock closed at $93.90 on the day of the announcement, reflecting a steady climb for the multinational beverage titan. Barclays joins a broader group of Wall Street firms tracking the consumer goods giant as market participants weigh recent valuation levels against upcoming financial reports.

Analyst rating track record

Barclays vs. the S&P 500

YTD return -0.09% hypothetical

All-time return -0.09% S&P 500 +0.35%

vs. S&P 500 -0.44% behind the index

Hypothetical returns from Barclays's disclosed trades, not real profit or advice. How we model this.

Barclays' Call on The Coca-Cola Company

On October 16, 2026, Barclays maintained its Overweight rating on The Coca-Cola Company and raised its price target to $98.00 from $93.00. Other firms have also updated their views in recent months, such as Argus Research maintaining a Buy rating with a $97.00 target on July 30, 2026, and Citigroup keeping a Buy rating with a $102.00 target on October 14, 2026. JP Morgan maintained an Overweight rating with a $95.00 target on September 28, 2026, while Wells Fargo kept an Overweight rating with a $90.00 target on October 5, 2026. Altogether, the stock carries a consensus buy recommendation across 23 analyst opinions with a mean target price of $94.74.

Other Institutional Activity in The Coca-Cola Company

Institutional investors continue to manage sizable holdings in the beverage company alongside everyday trading. Berkshire Hathaway, Inc held 400.0 million shares valued at about $37.56 billion as of June 30, 2026. Meanwhile, Charles Schwab Trust held 4,625 shares worth roughly $398,120, and Financial Synergies Wealth Advisors held 2,681 shares valued at about $230,819.

The Coca-Cola Company Stock Up 2.3%

Shares recently traded around $93.86 as of October 16, 2026, moving right alongside the event-day close of $93.90. The stock trades above its 50-day moving average of $88.30 and well above its 200-day moving average of $80.84. The recent price sits just 0.3% below its 52-week high of $94.10, showing strong momentum over the past year.

12-month forecast

$KO price target

The Coca-Cola Company daily closes and this analyst's $98 target. Not advice.

Recent Earnings

The company posted trailing-twelve-month revenue of $50.13 billion with an earnings per share of $3.33. Profitability remains a core strength, highlighted by a net margin of 28.6% and a return on equity of 42.1%. Investors are awaiting the next earnings update scheduled for October 27, 2026.

Dividend

The company offers a dividend yield of 2.3% backed by a payout ratio of 62.5%.

Insider Buying and Selling at The Coca-Cola Company

Company insiders have completed several share transactions in recent months. Chairman of the Board James R. Quincey disposed of 527,087 shares valued at about $47.47 million on July 29, 2026. President John Murphy sold 152,483 shares at an average price of $87.31 for a total value of $13.31 million on July 31, 2026. Divisional Officer Luisa Ortega parted with 55,755 shares worth roughly $4.83 million on August 6, 2026, and Officer Nancy W Quan sold 50,000 shares at $90.39 for a total of $4.52 million on August 19, 2026.

About The Coca-Cola Company

Headquartered in Atlanta, Georgia, The Coca-Cola Company manufactures and distributes a vast portfolio of non-alcoholic beverages worldwide. The firm produces sparkling soft drinks, waters, sports drinks, coffees, teas, juices, and dairy-based beverages, supplying concentrates and fountain syrups to restaurants and convenience stores globally. Barclays' updated price target focuses attention on the company's steady cash flow and brand strength as consumer habits shift.

Bottom Line

Barclays' decision to lift its price target highlights continued institutional confidence in The Coca-Cola Company. Market participants will watch the upcoming earnings release on October 27, 2026, for further clues on international volume growth and margin stability.