Movement Alert|Celsius Holdings Rises 5.21% in Regular Trading, Bernstein Initiates with Outperform Rating and $44 Target

Market Focus06-18

On June 17, Celsius Holdings rose 5.21% in regular trading, trading at $31.58 USD/share, with turnover of $2.03 billion, significantly outperforming peers in the Soft Drinks sector which broadly declined.

On the news front, Bernstein initiated coverage on Celsius Holdings with an Outperform rating and a $44 price target, implying approximately 39% upside from current levels. According to FactSet, the stock carries an average analyst rating of Buy with a mean price target of $61.55, suggesting further consensus upside potential.

Within the Soft Drinks sector, major peers posted broad declines during the same session: Pepsi down 1.98%, Coca-Cola down 0.17%, Keurig Dr Pepper down 1.06%, Monster Beverage down 0.32%, and Coca-Cola Europacific down 1.14%, highlighting Celsius Holdings' notable relative strength.

Celsius Holdings develops and markets functional energy drinks under multiple brand lines including CELSIUS Originals, CELSIUS HEAT, and CELSIUS On-the-Go, distributed through convenience stores, supermarkets, gyms, and e-commerce channels across the U.S. and internationally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment