Market Overview

UPDATE: Oppenheimer Boosts Target on SodaStream to $85, Says 'Encouraged' by Recent Talks with Retailers

Related SODA
5 Stocks Investors Should Watch This Week
SodaStream Misses Q3 Earnings, Cuts View; To Close Facility
Coca-Cola to Become Keurig's Biggest Investor (Fox Business)

Shares of SodaStream (NASDAQ: SODA) gapped higher at Tuesday morning's open following some bullish comments and a raised price target from Oppenheimer's Joseph Altobello.

The stock spiked to a session high at $73.17 just after the open but has given up gains since. Shares last traded at $70.89, down about 0.2 percent from Monday's close.

Altobello boosted his price target on SODA shares from $68 to $85 while maintaining an Outperform rating.

The analyst said he likes recent channel checks and Monday's news of a deal with KitchenAid. Altobello believes SODA's current valuation does not reflect current growth options within the US.

Altobello's new price target represents potential upside of about 16 percent from where the stock is currently trading.

Latest Ratings for SODA

DateFirmActionFromTo
Oct 2014Deutsche BankMaintainsHold
Oct 2014Roth CapitalDowngradesBuyNeutral
Jul 2014BarclaysUpgradesUnderweightEqual-weight

View More Analyst Ratings for SODA
View the Latest Analyst Ratings

Posted-In: Analyst Color Price Target Analyst Ratings

 

Related Articles (SODA)

Around the Web, We're Loving...

Get Benzinga's Newsletters