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Investing.com - TD Cowen raised its price target on Celsius Holdings (NASDAQ:CELH) to $60.00 from $55.00 while maintaining a Buy rating following strong second-quarter results. The energy drink maker, with a market capitalization of $12.92 billion and trailing twelve-month revenue of $1.33 billion, has shown robust performance according to InvestingPro data.
The firm noted that Celsius has successfully revived the marketing positioning on its core product line, which contributed to the company’s performance in the quarter.
TD Cowen highlighted significant upside potential for Alani Nu’s sales and margin structure as Celsius integrates this business into its operations.
The revised price target reflects a 22x EV/EBITDA multiple, which TD Cowen believes is warranted due to the improved growth profile of the combined business.
For context, the firm pointed out that Monster Beverage (NASDAQ:MNST) currently trades at 22.4x EV/EBITDA and has averaged 22.7x over the past five years.
In other recent news, Celsius Holdings reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $0.47, nearly doubling the forecast of $0.24, representing a 95.83% surprise. Revenue reached $739.3 million, significantly exceeding the anticipated $654.3 million. These robust results have led UBS to raise its price target on Celsius Holdings to $64, maintaining a Buy rating. Similarly, Jefferies increased its price target for Celsius to $64, citing strong sales momentum from the recently acquired Alani Nu brand. Both firms acknowledged the company’s outstanding performance in the quarter. Celsius’s quarterly results showed notable top-line growth, improved gross margin, and a strong operating profit margin. These developments have generated substantial interest from investors and analysts alike.
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