RBC Capital Reiterates Outperform on Monster Beverage, Maintains $64 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 $64 price target.
July 01, 2024 | 1:50 pm
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RBC Capital has reiterated its Outperform rating on Monster Beverage and maintained a $64 price target, indicating continued confidence in the company's performance.
The reiteration of an Outperform rating and the maintenance of a $64 price target by RBC Capital suggests strong confidence in Monster Beverage's future performance. This positive analyst sentiment is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100