Monster Beverage price target raised to $68 from $64 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Monster Beverage (MNST) to $68 from $64 and keeps an Outperform rating on the shares. The company saw an exceptionally strong print in Q2, displaying robust topline momentum, strong margins and a heads up that that they are initiating pricing conversations for later in the year to offset costs/tariffs, the analyst tells investors in a research note.