Celsius Stock Eyes Recovery as Analyst Cites Growth Potential
Portfolio Pulse from
JPMorgan has initiated coverage on Celsius Holdings Inc (NASDAQ:CELH) with an 'overweight' rating and a $32 price target, leading to a 3% pre-market increase in shares.
December 12, 2024 | 3:30 pm
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POSITIVE IMPACT
JPMorgan's initiation of coverage on Celsius Holdings with an 'overweight' rating and a $32 price target has positively impacted the stock, resulting in a 3% pre-market increase.
The 'overweight' rating and $32 price target from a major financial institution like JPMorgan is a strong positive signal for investors, indicating confidence in Celsius Holdings' growth potential. This has led to a 3% increase in pre-market trading, suggesting a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100