Coca-Cola and Netflix Stocks in Focus as Analysts Weigh In
Beverage giant Coca-Cola and streaming powerhouse Netflix were among the stocks garnering attention on Tuesday as analysts provided updated outlooks for both companies.
Morgan Stanley has named Coca-Cola a top pick, raising its price target to $78 from $70. The new target implies a potential 10.1% upside over the next 12 months. Analyst Dara Mohsenian cited Coca-Cola’s favorable fundamentals and attractive valuation as key factors in the decision. The company’s stock has been enjoying a strong year, up 20.2% in 2024 and on track for its biggest annual gain since 2009.
Meanwhile, Evercore ISI reiterated its bullish stance on Netflix, with analyst Mark Mahaney maintaining an outperform rating and raising the price target to $750. Netflix shares have already climbed more than 41% this year. Mahaney noted that Netflix is in its strongest financial, fundamental, and competitive position ever, with promising long-term revenue opportunities in Live Events and Gaming.
In other market news, Citi downgraded Hershey shares to sell from neutral, citing volume weakness and higher cocoa inflation as risks to future earnings. Wells Fargo expects Broadcom to report strong earnings, driven by continued AI momentum. Barclays initiated coverage of BlackRock with an overweight rating, despite industry headwinds.
Lastly, Wall Street analysts expressed readiness for Apple’s upcoming CFO transition, with JPMorgan, Bank of America, and Morgan Stanley maintaining positive outlooks on the tech giant’s stock.
