BofA raised the firm’s price target on Monster Beverage (MNST) to $77 from $75 and keeps a Buy rating on the shares. Sales and margin results for Q3 were significantly ahead of BofA and Street estimates with positive trends continuing into October, the analyst tells investors. The firm raised 2025-2027 EPS estimates to reflect sales and margin beats.
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Read More on MNST:
- Monster Beverage price target raised to $75 from $73 at Wells Fargo
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- Monster Beverage price target raised to $77 from $75 at Deutsche Bank
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