Coca-Cola Pops Bullish Ahead Of Q2 Earnings: Will The Fizz Last？ - Coca-Cola (NYSE:KO)

Benzinga

2024-07-22 21:21

Coca-Cola will report Q2 earnings on Tuesday. Stock is moderately bullish, above key SMAs, but RSI signals caution. Analysts foresee 10.28% upside with a Buy rating and $69.20 price target.

　　Chart created using Benzinga Pro

　　The Moving Average Convergence Divergence (MACD) indicator at 0.48 supports a bullish outlook. However, with the Relative Strength Index (RSI) at 57.90, and treading higher, Coca-Cola could be approaching overbought conditions soon.

　　The Bollinger Bands further reinforce a bullish stance, with the 25-day range between $61.86 and $65.25 signaling bullishness.

　　Overall, technical indicators for Coca-Cola stock ahead of their earnings print, are bullish.

　　Coca-Cola Analysts See 10% Upside

　　Ratings & Consensus Estimates:The consensus analyst rating on Coca-Cola stock stands at a Buy currently with a price target of $69.20. BofA Securities, JPMorgan and Exane BNP Paribas recently rated Coca-Cola stock with ratings on July 10 and June 24, 2024. Their average price target of $71.33 implies a 10.28% upside for the stock.

　　KOPrice Action: Coca-Cola stock was trading down 0.95% at $64.68 at the time of publication.

　　Photo: Shutterstock

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