KO
The Coca-Cola Company
NYSE: KO · CONSUMER DEFENSIVE · BEVERAGES - NON-ALCOHOLIC
$80.93
-2.05% today
Updated 2026-06-15
Market cap
$338.86B
P/E ratio
24.77
P/S ratio
6.88x
EPS (TTM)
$3.18
Dividend yield
2.63%
52W range
$64 – $83
Volume
14.7M
The Coca-Cola Company (KO) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed KO price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$80.93
Today
Analyst consensus
$85.71
+5.91% · 12M
2030 Base
$65.26
-19.36% future
NPV today
$48.82
@ 7% WACC
24 analysts:
15 Buy1 Hold0 Sell
Management guidance
Coca-Cola raised FY2026 EPS outlook to 8-9% growth (from prior guidance) following strong Q1 2026 organic growth of 10%. CEO James Quincey and CFO John Murphy indicated pricing discipline, innovation (Coke Zero momentum), and premiumization are driving 2026-2027 growth. Management targets mid-to-high single-digit organic revenue growth through 2027, with pricing offsetting volume headwinds in select markets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
KO · The Coca-Cola Company · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$51.11
NPV today: $38.23
Base case (2030)
$65.26
NPV today: $48.82
Bull case (2030)
$93.57
NPV today: $69.99
WallStSmart.com
KO financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $47.9B | $51.5B | $53.8B | $56.1B | $58.6B | $61.2B |
| Revenue growth | 1.9% | 7.5% | 4.5% | 4.3% | 4.5% | 4.4% |
| Net margin | — | 29.0% | 29.5% | 30.2% | 30.7% | 31.2% |
| EPS | $3.00 | $3.47 | $3.68 | $3.92 | $4.16 | $4.42 |
| Diluted shares | — | 4307M | 4311M | 4315M | 4320M | 4324M |
| Net debt | — | $30.19B | $28.69B | $27.14B | $25.51B | $23.81B |
| P/S multiple | — | 5.0x | 5.0x | 5.0x | 5.0x | 5.0x |
| Implied price (base) | — | $52.78 | $55.74 | $58.71 | $61.92 | $65.26 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $61.2B | $61.2B | $61.2B |
| P/S multiple | 4.0x | 5.0x | 7.0x |
| Diluted shares | 4324M | 4324M | 4324M |
| Net debt | $23.81B | $23.81B | $23.81B |
| Implied P/E † | 12x | 15x | 21x |
| 2030 Price | $51.11 | $65.26 | $93.57 |
| NPV @ 7% | $38.23 | $48.82 | $69.99 |
† Implied P/E: Multiples remain elevated across all three scenarios because KO is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $65.26 base case
KO catalysts and risks
Growth catalysts
+ 2026 FIFA World Cup marketing and volume acceleration (Citi catalyst)
+ Coke Zero and premium product portfolio expansion driving mix improvement
+ Pricing power sustained via premiumization and smaller-format innovation (mini cans, skinny sodas)
+ International recovery in Latin America and emerging markets post-2026
+ M&A optionality and portfolio optimization (energy drinks, plant-based beverages)
Key risks
- Persistent volume pressure in developed markets offsetting pricing gains
- Currency headwinds (strong USD impact on international revenue translation)
- Consumer shift toward lower-sugar/no-sugar beverages pressuring core sparkling soft drink margins
- Geopolitical disruptions (Strait of Hormuz closure example) affecting supply chain and emerging market demand
- Input cost inflation (packaging, commodities) limiting margin expansion despite pricing
Methodology · The Coca-Cola Company 2030 stock forecast model
The Coca-Cola Company 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 24 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for KO by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($23.81B by 2030) |
| 3. Time value | NPV calculated using 7% WACC (CAPM: beta 0.356) |
| 4. Multiple framework | P/S compresses with scale: bear 4.0x / base 5.0x / bull 7.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
KO price target FAQ
What is the KO price target for 2030?
WallStSmart's The Coca-Cola Company 2030 base case is $65.26 per share, with a bull case of $93.57 and bear case of $51.11. The NPV of the base case discounted to today at 7% WACC is $48.82.
How is the The Coca-Cola Company 2030 stock forecast calculated?
The KO 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the KO price target account for dilution?
The Coca-Cola Company is projected to grow diluted share count from 4302M to 4324M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on KO stock?
24 analysts cover KO with an average 12-month price target of $85.71. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.