In a report released today, Christopher Carey from Wells Fargo maintained a Buy rating on Monster Beverage (MNST – Research Report), with a price target of $100.00. The company’s shares closed last Friday at $86.96.
According to TipRanks, Carey is a 3-star analyst with an average return of 0.6% and a 43.07% success rate. Carey covers the Consumer Goods sector, focusing on stocks such as Spectrum Brands Holdings, Church & Dwight, and Clorox.
Monster Beverage has an analyst consensus of Moderate Buy, with a price target consensus of $101.36.
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Based on Monster Beverage’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.66 billion and a net profit of $273.36 million. In comparison, last year the company earned a revenue of $1.46 billion and had a net profit of $403.76 million
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California-based Monster Beverage Corp. develops, markets, sells and distributes energy drink beverages and concentrates including Monster Energy, Relentless and Burn in the United States and internationally. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.
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