What's Going On With Celsius Holdings Stock?
Portfolio Pulse from Erica Kollmann
Celsius Holdings (NASDAQ:CELH) shares are trading flat after a 12% drop due to a reported decline in sales to PepsiCo (NASDAQ:PEP). Analysts have adjusted their price targets, with Stifel lowering from $61 to $51 and Piper Sandler from $65 to $50. Despite the drop, analysts maintain mostly positive ratings with an average price target of $67.67.
September 05, 2024 | 2:47 pm
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NEUTRAL IMPACT
Celsius Holdings reported a $100-$120 million decline in sales to PepsiCo, which may impact PepsiCo's revenue from this partnership.
While the decline in sales from Celsius Holdings to PepsiCo is significant, the impact on PepsiCo's overall revenue is less clear due to its diversified portfolio. The news is relevant but not critical for PepsiCo's short-term stock movement.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Celsius Holdings shares dropped 12% after reporting a significant decline in sales to PepsiCo. Analysts have lowered price targets but maintain positive ratings, suggesting potential upside.
The 12% drop in Celsius Holdings' stock is directly linked to the reported decline in sales to PepsiCo, a significant partner. Analysts have responded by lowering price targets, indicating a negative short-term impact. However, the overall positive ratings suggest potential recovery.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100