William Blair analyst Jon Andersen has maintained their bullish stance on CELH stock, giving a Buy rating today.
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Jon Andersen has given his Buy rating due to a combination of factors tied to Celsius Holdings’ recent performance and outlook. The company delivered quarterly sales that modestly exceeded both his and the Street’s projections, while EBITDA materially outpaced expectations, supported by strong year-over-year growth driven by the Alani Nu and Rockstar acquisitions as well as solid Celsius brand shipment gains.
He also notes that gross margins were consistent with forecasts and benefited from procurement synergies following the integration of the acquired brands, which lowered input costs. Looking ahead, he expects sustained category momentum, strengthening brand positions, and continued margin expansion, and he views the current valuation of roughly 12 times his 2026 EBITDA estimate as attractive relative to the company’s above-industry growth profile, supporting his Buy recommendation.
In another report released today, Needham also maintained a Buy rating on the stock with a $75.00 price target.