BofA update shows where active managers are putting money
Investing.com - JPMorgan raised its price target on Celsius Holdings (NASDAQ:CELH) to $54.00 from $44.00 on Thursday, maintaining an Overweight rating on the energy drink maker. The stock, currently trading at $47.13, has shown remarkable momentum with an 86.31% return over the past six months and is trading near its 52-week high of $48.47.
The firm placed Celsius on its Analyst Focus List with a Catalyst Watch Positive designation ahead of the company’s second-quarter earnings report scheduled for Wednesday, August 6, before market open. According to InvestingPro data, four analysts have recently revised their earnings estimates upward, while the company maintains a strong financial position with a current ratio of 3.38.
JPMorgan’s revised estimates for Q2 2025 and full-year 2025 now stand "well above Street consensus," according to the research note.
The higher projections reflect a stronger recovery in the Celsius brand, benefits from lapping inventory optimization from the previous year, and substantial acceleration in Alani Nu product performance driven by limited-time offerings and base business growth.
The firm noted these positive factors would be partially offset by potential pressure on gross margins due to higher tariff headwinds on aluminum.
In other recent news, Celsius Holdings has seen several analysts adjust their outlooks based on the company’s growth prospects. Needham raised its price target for Celsius to $55, maintaining a Buy rating, citing accelerating topline growth as a key factor. Similarly, Jefferies increased its price target to $54, highlighting improved distribution as a significant growth driver. Meanwhile, Morgan Stanley (NYSE:MS) reiterated its Equalweight rating with a $42 target, noting strong sales data, although there was a slight deceleration compared to previous periods. TD Cowen also reiterated a Buy rating with a $55 target, expressing confidence in the company’s growth trajectory and suggesting that sales estimates might underestimate current trends.
In related developments, Jefferies also raised its price target for Monster Beverage (NASDAQ:MNST) to $74, maintaining a Buy rating. The firm pointed to the rapid expansion of the energy drink category, driven by factors such as new market entrants and successful innovation. These analyst updates reflect a broader optimism about the energy drink market’s growth potential.
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