Analysts project KO shares could rise 19% from current levels as earnings compound at 8-9% annually through 2028.
Coca-Cola (NYSE:KO) shares, up 22% year-to-date, may reach $100 by 2028 as earnings per share grow at 8-9% annually. The projection contrasts with Wall Street’s consensus target of $86.81, implying just 4% upside from $83.70.
Q1 organic revenue grew 10%, and Coca-Cola Zero Sugar volume rose 13%, yet the stock trades near its 52-week high of $85.68. Analysts cite a stronger dollar and the pending Africa divestiture as key risks to the $105 target.
Shares have shown muted near-term momentum, gaining 1.55% over the past week and 2.64% over the past month. JP Morgan’s 2026 outlook suggests staples may struggle as capital flows toward AI enablers.