The Vita Coco Company, Inc. (NASDAQ:COCO) is highlighted as one of the most profitable consumer defensive stocks to buy now, with an ‘Overweight’ rating and a price target increase to $47. The company’s strong sales growth in coconut water and expanding presence in Europe suggest a positive outlook.

Management at The Vita Coco Company, Inc. (NASDAQ:COCO) raised its FY25 net sales guidance to $565–$580 million, projecting low-teens full-year growth. The company, founded in 2004 in New York, offers a range of coconut water products under the Vita Coco brand name, including packaged water, PWR LIFT, coconut oil, juice, and milk.

Read more at Yahoo Finance: Wells Fargo Turns More Bullish on The Vita Coco Company, Inc. (COCO) with $47 Target