Despite Recent Dips, Celsius Holdings Remains A Strong Buy: Inside This Analyst's Raised Price Target
Portfolio Pulse from Nabaparna Bhattacharya
Roth MKM analyst Sean McGowan reiterated a Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), raising the price target to $220 from $180. Despite a recent drop in share price, McGowan sees no fundamental reason for the pullback. He notes that retail sales of Celsius's products have remained strong, growing more than 160% YoY. The analyst expects international sales to be the next big growth driver for the company, predicting more than 10% of total revenue in 2025 from outside the U.S.
September 21, 2023 | 6:55 pm
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Celsius Holdings, Inc. has been reiterated as a Buy by Roth MKM analyst Sean McGowan, who raised the price target to $220. Despite recent share price drops, the analyst sees strong growth potential, particularly in international sales.
The analyst's positive outlook and raised price target for Celsius Holdings, Inc. indicates strong confidence in the company's growth potential. This could potentially influence investors to buy, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100