Citigroup Raises The Coca-Cola (KO) Price Target to $102

Citigroup has reiterated its Buy rating on Coca-Cola, raising the price target to $102, a 9.65% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 2:15 PM EDT

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Citigroup raised its price target on The Coca-Cola Company ($KO) to $102 from $100 on October 14, 2026, and rates the stock "Buy".

Since the rating, $KO is up 2.3% to date (from the $91.78 close on Oct 14, 2026).

KO The Coca-Cola Company

$93.90 +38.50% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Citigroup reiterated its Buy rating on The Coca-Cola Company, adjusting its price target from $100 to $102.
Citigroup's $102 price target implies 9.65% upside from The Coca-Cola Company's ($KO) current $93.02 share price.
As of October 16, 2026, Coca-Cola shares were recently trading around $93.02, about 1.8% below the mean analyst target of $94.74.
Coca-Cola's revenue for the last twelve months reached approximately $50.1 billion, with a net margin of 28.6%.

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Citigroup has reiterated its Buy rating on The Coca-Cola Company (NYSE: KO) and raised its price target to $102 from $100 on October 14, 2026. This adjustment comes as Coca-Cola's shares were recently trading around $93.02 on October 16, 2026.

Other Institutional Activity in Coca-Cola

Several other institutional investors have also adjusted their positions in Coca-Cola. Berkshire Hathaway, Inc. held steady with 400 million shares worth about $37.6 billion. Blackrock Inc. reduced its stake by 10.8 million shares, ending with 322.7 million shares valued at around $30.3 billion. Vanguard Capital Management LLC added 1.4 million shares, for a total of 238.8 million shares worth about $22.4 billion. State Street Corporation slightly increased its holdings by 183,937 shares, bringing its total to 167.4 million shares valued at about $15.7 billion. FMR, LLC grew its position by 1.6 million shares, ending with 109.2 million shares worth approximately $10.3 billion.

The Coca-Cola Company Stock Up 1.4%

Coca-Cola shares are currently trading above their 50-day and 200-day moving averages by 5.3% and 15.1%, respectively. However, they are about 1.1% below their 52-week high of $94.10 and 38.3% above their 52-week low of $67.27. The stock is also trading around 1.8% below the mean analyst target price of $94.74.

12-month forecast

$KO price target

The Coca-Cola Company daily closes and this analyst's $102 target. Not advice.

Recent Earnings

In its latest earnings report, Coca-Cola posted a trailing twelve-month revenue of approximately $50.1 billion, with earnings per share (EPS) of $3.33. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at The Coca-Cola Company

Recent insider transactions at Coca-Cola include several sales. James R. Quincey, the Chairman of the Board, sold 527,087 shares on July 29, 2026, valued at about $47.5 million. President John Murphy sold 152,483 shares on July 31, 2026, for approximately $13.3 million. Luisa Ortega, a Divisional Officer, sold 55,755 shares on August 6, 2026, valued at about $4.8 million. Additionally, Officer Nancy W Quan sold 50,000 shares on August 19, 2026, for around $4.5 million.

Analysts Set New Price Targets

On October 14, 2026, Citigroup maintained its Buy rating for Coca-Cola and raised its price target to $102 from $100. Earlier, on July 30, Argus Research also maintained its Buy rating but increased its target to $97 from $91. Barclays maintained an Overweight rating with a target of $93, while JP Morgan kept its Overweight rating with a target of $95. Wells Fargo maintained an Overweight rating but lowered its target from $95 to $90.

About The Coca-Cola Company

The Coca-Cola Company is a major beverage manufacturer known for producing a wide range of non-alcoholic drinks, including its flagship Coca-Cola soft drink. The company operates globally, offering everything from sparkling beverages to juices and plant-based drinks. This recent rating adjustment from Citigroup reflects analysts' confidence in its ongoing performance in the competitive beverage market.

Bottom Line

Investors should keep an eye on Coca-Cola's upcoming earnings report on October 27, 2026, as it may provide further insights into the company's performance. Citigroup's reaffirmation of its Buy rating and target increase could influence market sentiment in the near term.