Celsius Analyst Points To Health Trend As Boost, Applauds PepsiCo Partnership
Portfolio Pulse from Priya Nigam
Celsius Holdings (NASDAQ:CELH) shares continue to rise as the company leverages consumer trends and its partnership with PepsiCo (NASDAQ:PEP). Analyst Jim Salera initiated coverage with an Overweight rating and a price target of $80.
June 23, 2023 | 2:32 pm
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POSITIVE IMPACT
Celsius Holdings shares rise as the company leverages consumer trends and its partnership with PepsiCo. Analyst Jim Salera initiated coverage with an Overweight rating and a price target of $80.
Celsius Holdings is well-positioned to leverage consumer trends, such as increased consumption of better-for-you beverages and the shift to cold beverages for breakfast. The company's unique product offering and distribution partnership with PepsiCo are expected to drive growth and expand its reach.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PepsiCo's partnership with Celsius Holdings is expected to expand Celsius' reach and visibility, benefiting both companies.
PepsiCo's distribution partnership with Celsius Holdings is expected to meaningfully expand Celsius' reach and visibility. This partnership allows both companies to capitalize on the growing consumer trend of better-for-you beverages and cold beverages for breakfast.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50