Celsius Holdings: Promising Growth Outlook and Strategic Initiatives Drive Buy Rating with Increased Price Target

Needham analyst Gerald Pascarelli has reiterated their bullish stance on CELH stock, giving a Buy rating on May 8.

Gerald Pascarelli has given his Buy rating due to a combination of factors that highlight Celsius Holdings’ promising outlook. The company’s management has demonstrated a strong focus on enhancing core topline performance, which is crucial for driving growth in the competitive U.S. energy sector. This sector has been outperforming other consumer staples, and the company’s strategy to revitalize growth is expected to unlock further potential.
Additionally, Pascarelli is optimistic about the company’s future due to several strategic initiatives. These include successful shelf reset wins, a new marketing campaign, and ongoing innovation efforts, all of which are anticipated to provide significant momentum. The combination of these factors, along with easier comparative metrics in the near term, supports the decision to maintain a Buy rating and increase the price target to $47.

In another report released on May 8, Truist Financial also maintained a Buy rating on the stock with a $45.00 price target.