Celsius selloff brings ‘significant buying opportunity,’ says Roth Capital

Roth Capital views the post-earnings selloff in shares of Celsius (CELH) as a “significant buying opportunity.” The company’s Q3 exceeded our estimates but the stock dropped sharply due to confusion over the outlook for Q4 as Alani and Rockstar get integrated into Celsius’ “Category Captaincy” of Pepsi’s energy portfolio, the analyst tells investors in a research note. Roth says disruptions related to shipments, inventory management and margins during the transition period are likely to be temporary. It keeps a Buy rating on the shares with a $70 price target