Stifel Maintains Buy on Monster Beverage, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a 'Buy' rating on Monster Beverage (NASDAQ:MNST) and raised the price target from $63 to $65.

July 31, 2023 | 4:56 pm
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POSITIVE IMPACT
Stifel analyst maintains a 'Buy' rating on Monster Beverage and raises the price target from $63 to $65.
The news of Stifel maintaining a 'Buy' rating and raising the price target for Monster Beverage is likely to have a positive impact on the company's stock in the short term. Investors often follow analyst recommendations, and a higher price target suggests that the analyst sees potential for the stock's price to increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100