RBC Capital Reiterates Outperform on Monster Beverage, Maintains $60 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Nik Modi has reiterated an Outperform rating on Monster Beverage (NASDAQ:MNST) and maintained a $60 price target.
August 07, 2023 | 5:19 pm
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RBC Capital has reiterated an Outperform rating on Monster Beverage and maintained a $60 price target, which could positively influence the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. In this case, RBC Capital's reiteration of an Outperform rating and a $60 price target for Monster Beverage indicates a positive outlook for the company, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100