RBC Capital Reiterates Outperform on Monster Beverage, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has reiterated an Outperform rating on Monster Beverage (NASDAQ:MNST) and maintained a price target of $65.
June 14, 2024 | 2:04 pm
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RBC Capital has reiterated its Outperform rating on Monster Beverage and maintained a price target of $65, indicating continued confidence in the company's performance.
The reiteration of an Outperform rating and a maintained price target of $65 by RBC Capital suggests strong confidence in Monster Beverage's future performance. This is likely to positively impact investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100