Celsius (CELH) is positioned to deliver robust topline growth over the coming quarters, with room for positive estimate revisions despite investor concerns, UBS said in a Thursday research report.
The company's Q4 earnings beat was driven by favorable shipment timing, but investors could fear that higher shipments than consumption in Q4 and weaker performance of the core Celsius brand could become an issue moving forward, the analysts said.
For Q1, UBS modelled growth of 5% for core Celsius versus year-to-date consumption of 8.5%, according to the note.
The bank reiterated its buy rating on the stock and boosted its price target to $72 per share from $70.
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