What's Going On With Celsius Holdings Stock Wednesday?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower after BofA adjusted its price target following a 12.8% drop due to weak Nielsen data. The data indicated a slowdown in sales growth and a decline in market share. Despite near-term challenges, Morgan Stanley sees long-term potential for the company.
May 29, 2024 | 12:49 pm
News sentiment analysis
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Celsius Holdings shares fell 12.8% due to weak Nielsen data showing a slowdown in sales growth and a decline in market share. BofA adjusted its price target from $80 to $84, maintaining a Neutral rating. Morgan Stanley highlighted near-term challenges but sees long-term potential.
The weak Nielsen data showing a slowdown in sales growth and a decline in market share is a significant negative factor for Celsius Holdings in the short term. The adjustment of the price target by BofA and the cautious outlook from Morgan Stanley further contribute to the negative sentiment. However, the long-term potential remains positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100