Celsius Holdings Downgraded: Analyst Cautions Weak Consumer Environment, No Meaningful Recovery Projected Until Summer 2025
Portfolio Pulse from Nabaparna Bhattacharya
Celsius Holdings, Inc. (NASDAQ: CELH) has been downgraded by BofA Securities analyst Jonathan Keypour from Neutral to Underperform, with a price target reduction from $60 to $32. Despite strong Q2 earnings and sales, the analyst cites a weak consumer environment and a slowdown in the energy drink category as reasons for the downgrade. No meaningful recovery is projected until summer 2025.
August 08, 2024 | 6:32 pm
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Celsius Holdings has been downgraded by BofA Securities from Neutral to Underperform, with a price target cut from $60 to $32. The downgrade is due to a weak consumer environment and a slowdown in the energy drink category. Despite strong Q2 earnings, no meaningful recovery is expected until summer 2025.
The downgrade from Neutral to Underperform and the significant price target reduction indicate a negative outlook for CELH. The weak consumer environment and slowing growth in the energy drink category are expected to impact the company's performance negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100