Celsius Q4 retail scan data ‘encouraging’, says Roth Capital

Roth Capital analyst Sean McGowan keeps a Buy rating and $65 price target on Celsius (CELH), noting that the retail scan data for Q4 was “encouraging”, with category sales continuing to grow low-to-mid-teens over last year. Despite increasingly tougher comparisons, the data show the Celsius brand holding share, and Alani Nu continuing to grow faster than any other major energy drink brand, gaining significant share, the analyst tells investors in a research note.