Jefferies Maintains Buy Rating for Celsius Holdings: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Jefferies has reaffirmed its Buy rating on Celsius Holdings (NASDAQ:CELH) and increased its price target from $98.00 to $105.00. Celsius Holdings, known for its energy drinks, has seen its shares rise by 1.9% to $92.80. The new price target suggests a potential 13.15% increase. Celsius, with 94% of its revenue from North America, has a 20-year distribution deal with PepsiCo, which owns an 8.5% stake in the company.

March 13, 2024 | 5:00 pm
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Jefferies maintains a Buy rating on Celsius Holdings, raising its price target to $105 from $98. The stock has risen 1.9% recently, trading at $92.80. The new target implies a 13.15% potential upside.
The upgrade in price target by Jefferies reflects a positive outlook on Celsius Holdings, likely due to its strong market position and strategic partnership with PepsiCo. The recent stock price increase and the potential for further gains based on the new price target suggest a bullish short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100