Monster Beverage price target raised to $70 from $66 at Roth Capital

Roth Capital raised the firm’s price target on Monster Beverage (MNST) to $70 from $66 and keeps a Neutral rating on the shares. following the company’s investor presentation, which raised the firm’s confidence that “solid” growth and margin expansion can continue. The firm, which notes it has “modestly” raised sales and profit estimates for 2026 and 2027, believes upside is “fairly represented in the stock’s current price,” which it points out has risen sharply in recent weeks, months and year-to-date.