U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
Celsius Holdings Inc. (NASDAQ:CELH) stock reached a notable milestone by hitting a 52-week high of 47.9 USD, with InvestingPro data showing the company maintains a "GREAT" financial health score of 3.21 out of 4. This achievement underscores the company’s positive trajectory over the past year. The stock has shown remarkable momentum, posting an impressive 85% return over the past six months. According to InvestingPro analysis, analysts expect sales growth of 61% this year, with 4 analysts recently revising their earnings expectations upward. The stock’s performance highlights investor confidence and the company’s potential for continued growth in the health and wellness sector. With a strong current ratio of 3.38 and more cash than debt on its balance sheet, Celsius Holdings demonstrates solid financial fundamentals. As the company continues to expand its product offerings and market reach, its stock remains a focal point for investors seeking opportunities in the beverage industry. For deeper insights into CELH’s valuation and growth prospects, investors can access comprehensive analysis through the Pro Research Report available on InvestingPro.
In other recent news, Celsius Holdings has seen a series of updates from multiple analysts reflecting a positive outlook for the company. Needham has increased its price target for Celsius to $55, maintaining a Buy rating, citing accelerating topline growth as a key factor. Jefferies has also raised its price target to $54, highlighting improved distribution as a significant advantage for the company. Meanwhile, TD Cowen reiterated its Buy rating and $55 price target, expressing confidence in Celsius’s growth trajectory and noting that recent discussions with management reinforced this view.
Morgan Stanley (NYSE:MS) maintained its Equalweight rating with a $42 price target, pointing to strong sales data that showed a 40% year-over-year growth for Celsius and its Alani Nu brand. This growth, however, marked a slight deceleration from the previous two-week period’s 42% increase. In the broader energy drink market, Monster Beverage (NASDAQ:MNST) also received attention, with Jefferies raising its price target to $74, supported by the category’s 15% growth rate. Jefferies attributed this growth to improved execution, new market entrants, and successful innovation within the sector. These developments indicate a dynamic period for both Celsius Holdings and the energy drink industry as a whole.
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