RBC Capital Maintains Outperform on Monster Beverage, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has maintained an Outperform rating on Monster Beverage (NASDAQ:MNST) and increased the price target from $60 to $65.
February 29, 2024 | 5:08 pm
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RBC Capital has maintained an Outperform rating on Monster Beverage and raised the price target from $60 to $65.
The upgrade in the price target by a reputable analyst like Nik Modi from RBC Capital suggests a strong confidence in Monster Beverage's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100