Jonathan Keypour, an analyst from Bank of America Securities, reiterated the Buy rating on Monster Beverage (MNST – Research Report). The associated price target remains the same with $66.00.
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Jonathan Keypour has given his Buy rating due to a combination of factors that highlight Monster Beverage’s potential for growth and resilience. Despite a slight miss in sales and earnings per share for the first quarter of 2025, the company demonstrated strong gross margins, which exceeded expectations by 200 basis points. This suggests that the company is effectively managing its costs and could see improved profitability as shipment timing issues are resolved.
Furthermore, the underlying scanner trends in the U.S. are showing signs of improvement, and there is solid consumption in the EMEA region. Although there are some concerns about Latin America, the management’s willingness to adjust pricing to offset potential cost pressures indicates a proactive approach to maintaining margins. The positive sales momentum observed in April supports the expectation that Monster Beverage will recover from the first quarter’s shipment delays, justifying the Buy rating and the price objective of $66.
According to TipRanks, Keypour is a 3-star analyst with an average return of 6.9% and a 66.67% success rate.
In another report released today, Citi also reiterated a Buy rating on the stock with a $70.00 price target.