A Buy Rating with Robust Performance and Expansive Growth Outlook – TipRanks Financial Blog

Maxim Group analyst Anthony Vendetti has maintained their bullish stance on CELH stock, giving a Buy rating yesterday.

Anthony Vendetti has given his Buy rating due to a combination of factors surrounding the robust performance and promising outlook of Celsius Holdings. Vendetti notes that the company’s revenue growth was impressive, with a significant year-over-year increase, largely attributed to expanded distribution through PepsiCo’s network, growth in overall market volume, and rising consumer recognition of the brand. Furthermore, Celsius Holdings’s commanding presence in the energy drink segment on e-commerce platforms like Amazon.com and its strong balance sheet—boasting substantial cash reserves and no debt—bolster its financial health and operational potential.

Additionally, Vendetti’s confidence in Celsius is reinforced by the company’s strategic initiatives aimed at expanding distribution points, growing their convenience store market share, and pursuing international market penetration. These efforts are expected to further propel top-line growth. The placement of branded coolers, an impressive increase year over year, is seen as a move to enhance brand visibility and market share, particularly in key channels such as convenience stores and gas stations. The analyst’s heightened revenue and earnings estimates, coupled with the company’s comprehensive fundamentals and expansion opportunities in various sales channels, provide a solid basis for the increased price target and the continuation of the Buy rating.

In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $95.00 price target.

CELH’s price has also changed dramatically for the past six months – from $194.220 to $79.270, which is a -59.19% drop .

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Celsius Holdings (CELH) Company Description:

Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

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