BofA Reiterates Buy Call on Coca-Cola (KO), Lifts PT to $80

The Coca-Cola Company (NYSE:KO) is one of the best dividend stocks to buy. On November 7, BofA maintained a Buy recommendation on KO and lifted the price target from $78 to $80. BofA observed that after Coca-Cola's Q3 financial results were published on October 21, the company also disclosed its 10-Q, in addition to the 8 publicly listed Coke bottlers' reports. This offers more transparency into Coca-Cola's results, especially regarding sales volumes.BofA Reiterates Buy Call on Coca-Cola (KO), Lifts PT to $80

Pixabay/Public Domain

The research firm's team works with 8 of Coca-Cola's global publicly traded bottlers, and the insights using the bottlers' reports and the company's disclosures allow for better analysis of Coca-Cola’s financial performance. The upgraded $80 price target assumes a 25x multiple of Coca-Cola’s projected 2026 earnings.

In other developments, Coca-Cola director Levchin Max R disclosed that he acquired shares of the company worth $998,676 on October 23 and 24, 2025. Levchin purchased 2,864 KO shares on October 23 with a weighted average price of $69.8721, while another 4,197 shares were picked up at an average price of $70.3062. On October 24, the director bought 7,206 units at a weighted average price of $69.8706 per share. Levchin now holds 14,267 shares of Coca-Cola stock.

While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.

View Comments