On July 1, Celsius Holdings rose 5.07% in regular trading, trading at $31.42/share, with turnover of $84.75 million. The stock rallied after UBS released a research note affirming that the company's core business deceleration is largely in line with management expectations.
UBS adjusted its price target on Celsius Holdings to $50 from $55 while maintaining its Buy rating, implying approximately 60% upside from current levels. The firm noted that the company is progressing through SKU rationalization and gaining incremental market share. According to FactSet, the analyst consensus maintains a Buy rating with a mean price target of $59.32, suggesting significant upside potential that may provide support for a stock rebound.
Notably, BofA Securities recently cut its target to $45 from $55, while Bernstein initiated coverage at Outperform with a $44 target. In Q1, Celsius reported adjusted EPS of $0.41, beating the $0.30 consensus estimate, with revenue of $782.6 million exceeding the $766.8 million expectation. The company is also completing the integration of Alani Nu and Rockstar Energy brands to strengthen its product portfolio.
(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.)
Comments