COCO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The Vita Coco Company, Inc. (COCO) stock is currently trading at $34.62 as of the latest close. Based on the technical indicators:
- RSI (14): 46.16, indicating a neutral position, neither overbought nor oversold.
- MACD: The MACD line is slightly below the signal line (-0.60), suggesting bearish momentum.
- Bollinger Bands: The stock is trading near the middle of the bands, indicating consolidation.
- Fibonacci Levels: Resistance at $35.61 and support at $32.49.
News and Sentiment Analysis:
- Earnings Report: COCO's Q4 earnings report showed a decrease in EPS but an increase in revenue estimates.
- Analyst Ratings: Mixed sentiment, with a Zacks Rank of #2 (Buy) but a Hold rating from Morgan Stanley.
- Insider Activity: Negative sentiment due to increased insider selling, including a notable sale by the CFO.
Price Prediction:
Given the mixed analyst sentiment, negative insider activity, and neutral technical indicators, the stock is expected to face downward pressure. The next trading week's price is predicted to be $32.50.
Recommendation:
Based on the analysis, it is recommended to sell COCO stock as the indicators and news sentiment suggest a bearish outlook.
COCO Similar Chart Price Prediction
The price of COCO is predicted to go up -3.66%, based on the high correlation periods with CG. The similarity of these two price pattern on the periods is 97.29%.
COCO
CG
Down: -3.66%Similarity: 97.29%
COCO Revenue Forecast
COCO EPS Forecast
COCO FAQs
What is COCO revenue forecast for next quarter？
What is COCO eps forecast for next quarter？
COCO Analyst's Forecast
Bonnie Herzog
Goldman Sachs
Strong Buy
2025-02-27
Price Target
$34 → $38
Upside
+17.94%
Goldman Sachs analyst Bonnie Herzog raised the firm's price target on Vita Coco to $38 from $34 and keeps a Buy rating on the shares. The company's Q4 results saw "strong topline growth" of 20% as it benefited from some inventory restocking at both retailer & distributors following shortages in Q3, the analyst tells investors in a research note. The management's FY25 topline guidance of $555M to $570M implies healthy 8% to 10% growth, though it was a bit softer than incoming expectations and below the company's long-term mid-teen algo, the firm adds.
Bryan Spillane
B of A Securities
Hold
2024-12-06
Price Target
$30 → $38
Upside
+4.65%
