Citi analyst Filippo Falorni has reiterated their bullish stance on CELH stock, giving a Buy rating yesterday.
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Filippo Falorni has given his Buy rating due to a combination of factors that highlight the underlying strength of Celsius Holdings despite recent volatility. The company’s Q3 results showed a significant year-over-year growth in net sales, although they fell short of market expectations due to inventory timing and promotional impacts. Despite these short-term challenges, the strong consumption data and better-than-expected EBITDA performance indicate a robust growth trajectory.
Furthermore, while the transition of the Alani Nu brand to PEP distribution may introduce some noise in the upcoming quarter, Falorni remains optimistic about the long-term benefits of this strategic move. The analyst has adjusted the target price to reflect the near-term volatility but maintains confidence in the company’s ability to leverage operating efficiencies for future growth. This perspective underpins the Buy rating, suggesting that the recent stock price reaction might be an overreaction, and the growth story remains compelling.
Falorni covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Celsius Holdings, and Kenvue, Inc.. According to TipRanks, Falorni has an average return of -1.4% and a 54.23% success rate on recommended stocks.
In another report released yesterday, Needham also reiterated a Buy rating on the stock with a $70.00 price target.