$COCO

Oppenheimer initiated coverage on The Vita Coco Co. Inc (NASDAQ:COCO) with an outperform rating and a $70.00 price target, indicating 21% upside from its current $57.26 share price. The company reported 26% revenue growth over the last twelve months, reaching $706 million, and raised its full-year 2026 sales guidance to $790 million to $805 million. Piper Sandler maintained an Overweight rating but adjusted its price target to $83 due to rising sea freight costs.

Vita Coco (COCO) acquired Copra, a coconut water producer, for $175M, including a factory. The deal includes a $45M-$100M earnout based on 2028 results. Copra grew sales at 48% annually. COCO's stock is down 40% from June peaks, with insider selling reported. The company aims to improve supply chain control and profit margins.

Piper Sandler maintained an Overweight rating and $89 price target for Vita Coco (COCO), citing Walmart's support adding 5% growth in 2026. Walmart's distribution is key for Vita Coco's strategy. Piper expects 10% Americas organic sales growth, with upside potential. Vita Coco's shelf space at Walmart ranges from 35% to 85%. Walmart reported a 5% increase in net sales for Q2, with mixed analyst reactions to its stock.

Vita Coco (COCO) said it acquired Copra Inc., a producer of super-premium Thai Nam Hom coconut water, for $175 million up front. It may pay an additional $45 million to $100 million in cash and stock in 2029 based on 2028 performance. Copra expects over $100 million in net sales this year and reported about $25 million in EBITDA.

Vita Coco Company reported Q2 FY2026 net sales of $216 million, up 28%, with net income of $49 million and adjusted EBITDA of $67 million. Gross margin rose to 49% from 36% a year earlier. The company raised full-year 2026 net-sales guidance to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million after results and its July 22 acquisition of Copra, Inc.

Vita Coco (US) agreed to buy Copra, a Thailand producer of Thai Nam Hom coconut water, to expand in the super-premium segment. Copra reported 48% net sales CAGR over three years. Vita Coco said Q2 net sales rose 28% to $216m, with Vita Coco coconut water up 21%. Deal includes $175m upfront, 80% cash and the rest in Vita Coco common stock; Copra targets 2026 net sales over $100m.

Vita Coco (The Vita Coco Company) acquired Thai coconut water producer Copra, which closed July 22, 2026. The deal includes Copra’s Thailand facility and Nam Hom sourcing. Vita Coco said Copra cold-chain net sales grew 48% CAGR over three years and 2026 sales should exceed $100m. Consideration totals $175m upfront plus an earnout tied to 2028 results.

Vita Coco (NASDAQ: COCO) shares fell about 5.5% after the company reported Q2 results and raised full-year guidance. Net sales rose 28.1% to $216.2 million, and EPS was $0.82, beating expectations by over 47%. The stock closed at $69.27, down 7% from the prior close.

Vita Coco (NASDAQ:COCO) reported Q2 gross profit of $105M and net income attributable to shareholders of $49M, or $0.82 per diluted share, versus $23M, or $0.38, a year earlier. Adjusted EBITDA rose to $67M. The company raised 2026 guidance: net sales $790M-$805M, gross margin ~40%, and adjusted EBITDA $154M-$161M, and agreed to buy Copra for $175M initial payment plus 2029 earnout.

The Vita Coco Company (NASDAQ: COCO) reported Q2 CY2026 revenue of $216.2 million, up 28.1% year on year and above Wall Street estimates. Full-year revenue guidance was $797.5 million at the midpoint, 8% above analysts’ expectations. GAAP profit was $0.82 per share, 47.3% above consensus, with free cash flow of $80.78 million in Q2.