Celsius Holdings set up well to report strong growth, says Roth Capital

Roth Capital keeps a Buy rating and $70 price target on Celsius Holdings (CELH). Given the rebound in retail sales of energy drinks, the addition of Alani Nu, and the unusual weakness in Q3 revenue and gross margin, Celsius Holdings is set up well to report very strong growth, with more upside surprise potential than downside, the analyst tells investors in a research note. Roth adds that energy drink category sales are showing mid-teens y/y growth rates and Alani is growing by triple digits in recent months.