Celsius Holdings price target raised to $52 from $46 at Roth Capital

Roth Capital raised the firm’s price target on Celsius Holdings (CELH) to $52 from $46 and keeps a Buy rating on the shares. The recent strength in Celsius shares has been driven by strong recent scanner data showing continued positive momentum in the U.S. energy drink market, and Celsius’s rebound has outpaced the broader industry, leading to market share gains, particularly in the Alani Nu brand, the analyst tells investors in a research note. The firm’s increased price target reflects its higher estimates and increased confidence that momentum will continue, Roth added.