Monster Beverage price target raised to $80 from $77 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Monster Beverage (MNST) to $80 from $77 and keeps a Buy rating on the shares. Monster Beverage’s Q3 results exceeded expectations, with strong performance reflecting pricing actions, supply chain optimization, and a robust product mix, supported by continued global category growth and an expanding innovation pipeline, including new functional, zero-sugar, and alcoholic offerings, the analyst tells investors. Management’s focus on revenue growth management and selective pricing, combined with ongoing household penetration upside, positions Monster for sustained topline momentum heading into 2026, Goldman Sachs says.