Stifel analyst Matthew Smith lowered the firm’s price target on Celsius Holdings (CELH) to $60 from $74 and keeps a Buy rating on the shares. The firm is lowering its Q4 revenue and EBITDA estimates, incorporating the impact of Alani transitioning to the Pepsi (PEP) distribution network in December and the company signaling the potential for additional inventory destocking at year-end, while lowering its price target to also account for multiple compression, the analyst tells investors in a post-earnings note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
- Celsius Holdings price target lowered to $65 from $73 at Citi
- Celsius Holdings price target lowered to $53 from $59 at Deutsche Bank
- Celsius Holdings Reports Strong Q3 2025 Growth
- Celsius Holdings Reports Strong Growth Amid Challenges
- Celsius Holdings expects inventory movements to impact future results