CFRA raises Celsius stock price target to $45, maintains buy

Published 21/02/2025, 15:34
CFRA raises Celsius stock price target to $45, maintains buy

On Friday, CFRA analyst Garrett Nelson increased the price target for Celsius Holdings (NASDAQ:CELH) to $45.00, up from the previous target of $40.00, while reiterating a Buy rating on the stock. The adjustment reflects a new 12-month target based on a 2026 price-to-earnings ratio (P/E) of 37.5 times, which is below Celsius’s 10-year average forward P/E of 98 times. Despite a reduction in the 2025 earnings per share (EPS) estimate from $1.00 to $0.90, CFRA introduced a 2026 EPS projection of $1.20. According to InvestingPro data, CELH currently trades at a P/E of 35.1x, with analyst targets ranging from $26 to $62.Want deeper insights? InvestingPro offers 16+ additional investment tips for CELH, including detailed valuation metrics and growth indicators.

Celsius Holdings reported a fourth-quarter adjusted EPS of $0.14, which, although an 18% decline from $0.17 in the same quarter last year, surpassed the consensus estimate of $0.10. This earnings beat was attributed to stronger-than-expected sales and margins. The company’s net sales decreased by 4% year-over-year to $332.2 million, which was still $5.2 million above the consensus forecast. Additionally, Celsius’s gross margin saw a significant improvement, expanding by 240 basis points to 50.2%, which was 290 basis points better than the consensus.

The analyst suggested that the positive earnings report, coupled with the negative investor sentiment leading up to it—evidenced by a short interest comprising 25% of the company’s float—could trigger a substantial short squeeze, propelling Celsius shares to surge. The strength of the company’s balance sheet, characterized by nearly $900 million in net cash, and its ability to generate positive free cash flow were highlighted as reasons to view the recent earnings release as a potential turning point for the company. Nelson expressed the belief that the negativity surrounding Celsius was unwarranted given these financial strengths. Recent InvestingPro data supports this view, showing a strong 14.3% return over the past week, despite a challenging six-month period where the stock declined by 38.2%. The company’s minimal debt-to-equity ratio of 0.05 and positive free cash flow yield of 3% further reinforce its solid financial position.

In other recent news, Celsius Holdings Inc. reported its financial results for the fourth quarter of 2024, outperforming earnings forecasts with an EPS of $0.14, surpassing the projected $0.10. The company also exceeded revenue expectations, posting $332.2 million against the anticipated $327 million. Additionally, Celsius Holdings announced a significant move to acquire Alani Nu for $1.8 billion, a transaction anticipated to enhance its market presence. The acquisition is expected to generate $50 million in cost synergies over two years. Furthermore, Celsius Holdings saw a 3% increase in full-year revenue to $1.36 billion, despite a 4% decline in Q4 revenue year-over-year. Analysts have noted the company’s strategic expansion efforts, including its distribution network and partnerships with major retailers. The firm’s gross profit improved by 7% to $680 million, although net income for the year decreased by 36% to $145 million. Celsius Holdings also plans to expand its distribution by 15-20% and continue focusing on innovation and health-wellness trends.

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