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On Friday, Truist Securities analysts increased the price target for Celsius Holdings stock (NASDAQ: NASDAQ:CELH) to $50 from $45, maintaining a Buy rating. The analysts highlighted recent developments in the company, including the addition of a new Chief Operating Officer, which is expected to support the ongoing distribution deal with Pepsi. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score, though it currently trades at premium valuation multiples.
Celsius Holdings, now valued at $10.33 billion in market cap, recently completed a significant acquisition of Alani Nu for $1 billion, finalized on April 1. The energy drink brand had reported an 88% year-over-year increase in sales for the 13-week period ending March 30. This acquisition is part of Celsius’s broader strategy to enhance its market presence, supported by its strong liquidity position with a current ratio of 3.38.
Since the announcement of the acquisition on February 20, Celsius Holdings shares have rebounded by 49.2% as of the close on June 2, compared to a 2.6% rise in the Consumer Staples Select Sector SPDR Fund (NYSEARCA: XLP). Despite this recovery, the stock remains below its highs from the previous year.
Truist Securities analysts are monitoring consumer trends for both Alani Nu and Celsius’s core brand. They are looking for indications of sustained growth and market share progression as Alani Nu becomes integrated into Celsius Holdings.
In other recent news, Celsius Holdings has been the focus of various analyst updates and strategic moves. The company reported first-quarter earnings that fell short of market expectations, with both revenue and earnings not meeting the financial services consensus. Despite this, analysts from Piper Sandler and Jefferies have raised their price targets for Celsius Holdings to $45, maintaining positive ratings due to strong retail sales growth from the Alani Nu brand and anticipated synergies from its acquisition. Piper Sandler raised their earnings per share estimates for 2025 and 2026, reflecting confidence in the company’s growth trajectory. Jefferies noted that the integration of Alani Nu is expected to contribute significantly to the company’s revenue, with synergies projected around $50 million.
Meanwhile, TD Cowen has maintained a Hold rating with a price target of $37, expressing a neutral outlook on the stock. They acknowledged the unpredictability in sales growth trends due to Alani Nu’s limited-time-offer approach but noted expected synergies from the acquisition. Additionally, Celsius Holdings announced the approval of new stock plans and an increase in authorized shares, as part of its strategy to incentivize and retain talent. These developments come amid ongoing efforts to integrate Alani Nu and enhance the company’s market position. Investors and analysts are keenly observing the unfolding of these strategic initiatives and their impact on Celsius Holdings’ financial performance.
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