Wedbush Maintains Outperform on Celsius Holdings, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Gerald Pascarelli maintains an Outperform rating on Celsius Holdings (NASDAQ:CELH) but lowers the price target from $100 to $85.
May 08, 2024 | 2:32 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Celsius Holdings but reduces the price target from $100 to $85.
The adjustment in price target by Wedbush reflects a change in valuation assessment, likely due to updated analysis or market conditions. While the Outperform rating is maintained, indicating continued confidence in the company's prospects, the reduction in price target could suggest a tempered outlook on the stock's short-term price performance. Investors may interpret this as a signal to adjust their expectations for the stock's growth trajectory, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100