William Blair analyst Jon Andersen has maintained their bullish stance on CELH stock, giving a Buy rating today.
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Jon Andersen’s rating is based on the recent announcement of an expanded partnership between Celsius Holdings and Pepsi. This strategic collaboration is expected to enhance the synergy between the two companies, potentially leading to increased shareholder value over time.
The strengthened relationship with a major player like Pepsi is seen as a significant opportunity for growth and market expansion for Celsius Holdings, which supports the Buy rating. The potential for additional avenues of value creation through this partnership is a key factor in Andersen’s positive outlook on the stock.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $72.00 price target.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CELH in relation to earlier this year.