Goldman Sachs has increased its price target for The Vita Coco Company to $90, suggesting a nearly 30% upside from its current price. The company reported strong Q2 2026 results with net sales up 28% to $216 million and earnings per share of $0.82, beating estimates. Vita Coco also raised its full-year guidance and strengthened its market position by acquiring Copra Inc., aligning with the growing coconut water market. This outlook reflects confidence in Vita Coco's continued growth and profitability.
Vita Coco reported a 28% increase in Q2 net sales to $216 million, driven by 21% growth in its coconut water segment. Net income rose to $49 million, more than doubling from last year, supported by tariff refunds and improved pricing. The company rai...
The Vita Coco Company has acquired Copra, a leading producer of super-premium Thai Nam Hom coconut water, for $175 million upfront plus potential earnouts. This acquisition allows Vita Coco to enter the fast-growing super-premium coconut water segmen...
