Stifel Maintains Buy Rating for Celsius Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating on Celsius Holdings (NASDAQ:CELH) but reduced its price target from $191.00 to $64.00. Despite the lowered target, the new price suggests a potential 18.65% upside from the current price of $53.94. Celsius Holdings, with a focus on the energy drink market in North America, has a 20-year distribution agreement with PepsiCo, which owns an 8.5% stake in the company.
December 04, 2023 | 5:00 pm
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Stifel maintains a Buy rating on Celsius Holdings but lowers the price target to $64, indicating a potential 18.65% increase from the current price. The company's strong focus on the North American energy drink market and partnership with PepsiCo are key highlights.
The maintenance of a Buy rating by Stifel suggests continued confidence in Celsius Holdings' business model and growth prospects, despite the reduction in the price target. The potential upside of 18.65% is significant and could positively influence investor sentiment in the short term. The partnership with PepsiCo and the focus on the North American market are likely to be seen as strengths, supporting the stock's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100