#2 - Celsius (NASDAQ:CELH)
Celsius Holdings Inc. (NASDAQ: CELH) is a health and wellness company that is best known for its line of functional drinks and liquid supplements. CELH stock has taken investors on a roller coaster ride this year. At the time of this writing, the stock is down 25.3% in 2024. However, at two different points this year, the stock has been up approximately 60%.
Both of the drop-offs in Celsius stock came around earnings season. In the first quarter, the company missed revenue projections. The second quarter was better, but the company was still showing slower YOY growth. The company has a distribution agreement with PepsiCo Inc. (NASDAQ: PEP) and it appears the latter has an inventory overhang.
However, this looks like a case of investors taking profits. The company has 23% YOY revenue growth and is still poised to capture significant market share.
The Celsius analyst forecasts on MarketBeat give CELH stock a price target of $64.79, which is 56.9% higher than the stock’s closing price on August 21, 2024.
About Celsius
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.
Read More - Current Price
- $25.66
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $54.40 (112.0% Upside)
