Celsius Is Among 'Most Attractive' Opportunities In Food And Beverage, Analyst Says
Portfolio Pulse from Priya Nigam
Shares of Celsius Holdings, Inc. (NASDAQ:CELH) continued to decline, losing around 4% last week. Despite this, the company is seen as a 'high-growth functional beverage business' with significant expansion potential, according to William Blair analyst Jon Andersen. Andersen initiated coverage of Celsius Holdings with an Outperform rating, citing strong Q2 results and potential for sales and earnings growth due to market share gains in energy beverages.
October 23, 2023 | 2:17 pm
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Celsius Holdings, Inc. (NASDAQ:CELH) is seen as a high-growth opportunity despite recent stock price declines. Analyst Jon Andersen from William Blair initiated coverage with an Outperform rating, citing strong Q2 results and potential for sales and earnings growth.
The positive outlook from the analyst, along with the company's strong Q2 results and potential for sales and earnings growth, could lead to an increase in investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100