Barclays raised SodaStream target price to $100, compared with yesterday's close of $69.04.
Barclays capital has raised its target price for SodaStream International Ltd. (Nasdaq: SODA) to $100, compared with yesterday's closing price of $69.04, giving a market cap of $1.42 billion. The share price rose another 4% in premarket trading today. Barclays reiterated its "Outperform" recommendation.
Barclays analyst David Kaplan said that talk that SodaStream was a passing fad was divorced from reality. He added that the company's performance was supported by what customers were saying and by comments at points of sale about the company's products.
Kaplan added that SodaStream's management was confident in achieving its $1 billion sales target in 2016, partly by boosting long-term customer loyalty.
Published by Globes [online], Israel business news - www.globes-online.com - on June 4, 2013
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