Wedbush Sticks to Its Buy Rating for Celsius Holdings (CELH)

In a report released today, Gerald Pascarelli from Wedbush maintained a Buy rating on Celsius Holdings (CELH – Research Report), with a price target of $100.00. The company’s shares closed yesterday at $74.38.

According to TipRanks, Pascarelli is a 4-star analyst with an average return of 10.6% and a 52.54% success rate. Pascarelli covers the Consumer Defensive sector, focusing on stocks such as Celsius Holdings, MGP Ingredients, and Coca-Cola.

Currently, the analyst consensus on Celsius Holdings is a Strong Buy with an average price target of $97.60, implying a 31.22% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $85.00 price target.

Based on Celsius Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $347.44 million and a net profit of $67.55 million. In comparison, last year the company earned a revenue of $177.96 million and had a GAAP net loss of $21.22 million

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CELH in relation to earlier this year. Most recently, in March 2024, Kyle Audrey Watson, the CMO of CELH sold 40,000.00 shares for a total of $3,566,800.00.

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Celsius Holdings (CELH) Company Description:

Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.