Is Coke A Good Stock To Buy 2022?

Investors might have been underwhelmed when Coke just affirmed most of its 2022 outlook despite those new headwinds. But there are more reasons to like the stock today, following that report. Let’s look at the main factors driving Coke’s operating rebound as management described it in their recent conference call with investors.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.17% during the next 3 months and, with a 90% probability hold a price between $596.92 and $778.52 at the end of this 3-month period.

In addition, CocaCola Company The has a VGM Score of C (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). Valuation metrics show that CocaCola Company The may be overvalued.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers.