Piper Sandler Maintains Neutral on Monster Beverage, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has maintained a Neutral rating on Monster Beverage (NASDAQ:MNST) and increased the price target from $50 to $58.

November 20, 2023 | 3:05 pm
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Piper Sandler has maintained a Neutral rating on Monster Beverage but raised the price target from $50 to $58, indicating a positive outlook on the stock's value.
The increase in price target by Piper Sandler suggests an improved valuation of Monster Beverage, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, but the raised target implies there may be some room for growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100