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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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