Celsius double upgraded to Buy from Underperform at BofA

As previously reported, BofA analyst Peter Galbo double upgraded Celsius (CELH) to Buy from Underperform with a price target of $65, up from $45. Following a “strong” Q4 earnings report and “upbeat” CAGNY presentation last week, the firm says it “can’t fight this feeling anymore.” The firm is raising its FY26 adjusted EBITDA estimate to $815.9M from $746.0M, primarily reflecting stronger Alani Nu topline trends, while noting that recent scanner data is continuing to track ahead of its prior assumptions.