Stifel Maintains Buy on Celsius Holdings, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a Buy rating on Celsius Holdings (NASDAQ:CELH) but has reduced the price target from $191 to $64. This adjustment reflects a significant decrease in the expected future stock price performance of Celsius Holdings.
December 04, 2023 | 4:51 pm
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Stifel's analyst has maintained a Buy rating on Celsius Holdings but has significantly lowered the price target from $191 to $64, indicating a potential decrease in stock value.
The reduction in the price target by Stifel suggests that the market may adjust its expectations for Celsius Holdings' future performance. While the Buy rating indicates continued confidence in the company's fundamentals, the lowered price target could lead to a short-term negative impact on the stock price as investors recalibrate their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100