Morgan Stanley analyst Dara Mohsenian has reiterated their bullish stance on MNST stock, giving a Buy rating today.
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Dara Mohsenian has given his Buy rating due to a combination of factors that highlight Monster Beverage’s strong growth potential in a challenging consumer packaged goods landscape. The company’s third-quarter results were impressive, showing significant year-over-year growth and exceeding consensus expectations across various financial metrics, including revenue, gross profit, and operating profit. This performance was consistent across different geographical regions, with notable gains both in the US and internationally.
Dara Mohsenian emphasizes Monster’s robust position in the global energy drink market, with the company achieving record international sales and recovering market share in the US. The analyst points out that despite potential challenges in US market comparisons, Monster’s pricing power and innovative product pipeline are expected to sustain its growth trajectory through 2026. Overall, Mohsenian’s rating reflects confidence in Monster’s ability to maintain above-peer revenue growth, driven by strong category growth and strategic international expansion.
Mohsenian covers the Consumer Defensive sector, focusing on stocks such as e.l.f. Beauty, Monster Beverage, and Kimberly Clark. According to TipRanks, Mohsenian has an average return of 7.1% and a 61.65% success rate on recommended stocks.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a $80.00 price target.