Analyst downgrade leads to 1.8% stock dip for Vita Coco ($COCO)

From Stocktwits: 2025-01-28 05:20:14

Sentiment on Stocktwits shifted from ‘extremely bullish’ to ‘neutral’ for Vita Coco Company Inc. ($COCO) after a downgrade by Stephens. Shares dipped 1.8% on Monday as Stephens lowered the rating from ‘Buy’ to ‘Hold’ with a price target of $36. Analysts expect fourth-quarter earnings per share to be $0.07 on revenue of $120.99 million. Vita Coco raised full-year guidance for net sales and Ebitda, with net sales projected between $505 million and $515 million for 2024. The company’s stock is up 2.74% year-to-date. Email newsroom[at]stocktwits[dot]com for updates and corrections.



Read more at Stocktwits: Vita Coco Stock Slips After Analyst Downgrade: Retail Sentiment Sours