Vita Coco price target raised to $33 from $28 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Vita Coco (COCO) to $33 from $28 and keeps a Neutral rating on the shares. The firm notes the company reported better than expected Q3 revenue and adjusted EBITDA. It also nudged up 2024 guidance.