Stifel Maintains Buy on Celsius Holdings, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan maintains a Buy rating on Celsius Holdings (NASDAQ:CELH) but lowers the price target from $85 to $65.
June 26, 2024 | 1:59 pm
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NEUTRAL IMPACT
Stifel analyst Mark Astrachan maintains a Buy rating on Celsius Holdings but lowers the price target from $85 to $65. This indicates continued confidence in the company's long-term prospects despite a more conservative short-term outlook.
The maintained Buy rating suggests that the analyst still sees potential for growth in Celsius Holdings. However, the lowered price target reflects a more cautious short-term outlook, possibly due to market conditions or company-specific factors. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100