COCO - Vita Coco trades higher after bull ratings pour in

The Vita Coco Company (NASDAQ:COCO) rallies after attracting positive ratings following the expiration of the IPO quiet period. Weighing in so far on COCO are Goldman Sachs (Buy, price target $22), Piper Sandler (Overweight, $17 price target), Guggenheim (Buy, price target $21) and Wells Fargo (Overweight, price target $18). Goldman Sachs analyst Bonnie Herzog says the company is an innovator within the consumer packaged goods universe with a rich pipeline of coconut water products that fuse functional benefits with authentic, better-for-you ingredients. Looking ahead, Herzog sees a long runway of attractive topline growth for Vita Coco. Wells Fargo's breakdown on COCO: "We see a lot to like about COCO, the leading brand in a fast-growth functional beverage category with distribution runway, competitive moats, a mix margin story, and experienced leadership. Yes, COCO is mostly single category (coconut water) and 100% imported. These are important considerations and the key risks. However,

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Vita Coco trades higher after bull ratings pour in