Why Beverage Company Celsius Holdings Shares Are Trading Higher Today
Portfolio Pulse from Shivani Kumaresan
Celsius Holdings Inc (NASDAQ:CELH) shares are trading higher after Wedbush analyst Gerald Pascarelli reiterated an Outperform rating and raised the price target from $75 to $90. The company reported Q4 earnings per share of $0.17, surpassing the consensus estimate of $0.15, with revenue of $347.43 million beating the estimate of $331.49 million. Despite the stock's over 45% year-to-date increase, the analyst sees limited upside in the share price and removed CELH from the Wedbush Best Ideas List.
March 04, 2024 | 6:13 pm
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Celsius Holdings Inc shares are trading higher after an Outperform rating reiteration and a price target increase from $75 to $90 by Wedbush analyst Gerald Pascarelli.
The positive analyst rating and price target increase, combined with the company's Q4 earnings beat, are likely to drive investor optimism and support a short-term increase in CELH's stock price. However, the analyst's caution about limited upside due to the stock trading at all-time highs may temper gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100