Vita Coco price target raised to $52 from $47 at Goldman Sachs

Goldman Sachs analyst Bonnie Herzog raised the firm’s price target on Vita Coco (COCO) to $52 from $47 and keeps a Buy rating on the shares. Despite elevated expectations heading into the Q3 print, Vita Coco delivered a strong Q3 beat, with growth benefiting from strong coconut water category growth as well as a significant improvement in inventory positioning, the analyst tells investors in a research note. Goldman is confident that the FY25 guidance should be doable, if not conservative, given the strong underlying momentum with the topline.