Oppenheimer Discusses SodaStream

Oppenheimer & Co. is out with a research report on SodaStream (NASDAQ: SODA) and it has an Overweight rating and a $65 price target on shares.

In a note to clients, Oppenheimer & Co. writes, "We continue to believe in the long-term bull case for SODA and view the shares' recent sell-off as an over-reaction, providing an attractive entry point for patient investors. Importantly, concerns regarding machine growth and SODA's relationship with Costco seem to be overstated, the US business continues to perform very well and the opportunity remains significant, while its more mature geographies are simply reflecting normal seasonality."

Shares of SODA lost $3.47 yesterday to close at $34.47.

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