Robert Moskow, an analyst from TD Cowen, maintained the Buy rating on Celsius Holdings. The associated price target was raised to $60.00.
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Robert Moskow has given his Buy rating due to a combination of factors that highlight Celsius Holdings’ positive performance and future potential. The company’s strong second-quarter results have demonstrated a successful revitalization of its core marketing strategies, particularly for the Celsius brand, which saw a significant sales increase. This improvement, coupled with the promising integration of Alani Nu into the business, suggests substantial upside in sales and margins.
Moreover, the company’s gross margin outlook has been revised upward, reflecting better-than-expected savings in freight and raw materials. The second-quarter gross margin exceeded expectations, and despite anticipated sequential declines due to higher costs, the overall margin profile remains strong. This improved financial outlook supports the investment case and justifies the raised price target of $60, reflecting confidence in the company’s growth trajectory and market position.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $55.00 price target.