Coca-Cola raises 2026 EPS forecast after strong Q1 beat, stock up 15.6% YTD with $87 price target.

Coca-Cola reported a strong Q1 2026 with EPS of $0.86 beating estimates and revenue up 12.1% year-over-year. The company raised its full-year EPS growth guidance to 8-9%, driven by volume growth in Coca-Cola Zero Sugar and a planned sale of its lower-margin African bottling business. The stock has gained 15.6% year-to-date and trades near its 52-week high. Analysts are optimistic but caution on risks like Asia Pacific income declines and IRS tax litigation. The 24/7 Wall St. price target is $87.01, implying an 8.4% upside from the current price of $80.26.