What's Going On With Celsius Holdings Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
Celsius Holdings, Inc. (NASDAQ:CELH) shares are trading marginally higher today after a significant drop yesterday. The stock has gained over 3.9% in the past year. TD Cowen analyst Vivien Azer maintained a Buy rating but lowered the price target from $85 to $68. The Wall Street Journal criticized Celsius for misleading health claims, and medical experts have questioned the validity of their studies. The stock has been in a downtrend due to poor sales growth and market share data from Nielsen, with Morgan Stanley warning of tough sales comparisons ahead. Analysts also noted an inventory reduction from PepsiCo, Inc. (NASDAQ:PEP).
July 16, 2024 | 12:41 pm
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NEUTRAL IMPACT
BNY Mellon Innovators ETF, which includes exposure to Celsius Holdings, may see minor fluctuations due to the mixed performance and outlook of CELH.
Given that BKIV includes exposure to CELH, the mixed performance and outlook of Celsius Holdings may cause minor fluctuations in the ETF's price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Celsius Holdings shares are trading marginally higher after a significant drop. Analyst Vivien Azer maintained a Buy rating but lowered the price target. The Wall Street Journal criticized the company's health claims, and the stock has been in a downtrend due to poor sales growth and market share data.
The stock is experiencing mixed signals: a slight recovery today after a significant drop, a maintained Buy rating but with a lowered price target, and negative press about misleading health claims. These factors contribute to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Invesco S&P MidCap 400 GARP ETF, which includes exposure to Celsius Holdings, may experience minor fluctuations due to the mixed performance and outlook of CELH.
Given that GRPM includes exposure to CELH, the mixed performance and outlook of Celsius Holdings may cause minor fluctuations in the ETF's price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
PepsiCo's inventory reduction of Celsius Holdings products has been noted by analysts, which may have a minor impact on PEP's stock price.
The inventory reduction of Celsius Holdings products by PepsiCo is a minor factor that may slightly impact PEP's stock price.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30