Vita Coco gains on sharp fall in tariffs on its products

The Vita Coco

17/11/2025 14:57

Updates

** Shares of beverage maker Vita Coco COCO.O up about 12.5% at $49.35 in morning trading

** Co expects tariff rate on its products to fall to about 6% from 23% earlier based on current sourcing & product mix

** The White House exempts coconut water products from tariffs under updated Executive Order 14257

** However, does not expect the tariff relief to impact 2025 results

** BofA also upgraded COCO to "buy" from "neutral"; raises PT to $54 from $48 following the White House announcement

** Seven of 11 brokerages rate the stock "buy" or higher, four "hold"; median PT is $50

** Including session's moves, COCO shares up about 34% YTD

 (Reporting by Anshi Sancheti and Anuj T in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))