Morgan Stanley raised the firm’s price target on Monster Beverage (MNST) to $81 from $74 and keeps an Overweight rating on the shares. Balanced and sizeable Q3 upside across regions, as well as solid October sales, confirm Monster’s “unique status as a highly visible and durable growth story” and a “safe growth harbor” through 2026, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNST:
- Monster Beverage’s Strong Growth Potential and Strategic Expansion Drive Buy Rating
- Early notable gainers among liquid option names on November 7th
- Monster Beverage price target raised to $80 from $77 at Goldman Sachs
- Monster Beverage price target raised to $80 from $72 at Evercore ISI
- Video: Take-Two slides after pushing out launch of GTA VI
