cocacola co ko shares are set to open at a nearrecord level after posting firstquarter profit and revenue growth on monday the stock has advanced nearly 23 over the past year closing at a record high of 6621 on april 21 analysts say the beverage giant is benefitting from reopenings as the pandemic shows signs of retreat cocacola has undergone a deep positive transformation over the past few years by improving its sales portfolio refranchising and consolidating bottling assets globally setting up new systems and procurement in the us shifting focus from volume to value growth and transitioning senior management all of which give us confidence in the underlying fundamentals of the business wrote jpmorgan analysts there rate cocacola stock outperform with a 73 price target china however did see an influx of new covid19 cases that negatively impacted demand this could continue into next quarter wrote john boylan edward jones senior analyst however this weakness likely will be offset by strength in other areas of the world