#5 - Monster Beverage (NASDAQ:MNST)
Monster Beverage Corp. (NASDAQ: MNST) is one option if you're looking beyond the technology sector for Magnificent Seven-type gains. MNST stock is up more than 92% in the last five years, including a 14% share price gain last year.
Along with a higher price has come a higher valuation. MNST stock currently trades around 32x forward earnings. That's a premium to the consumer staples sector, which is around 27x.
The Monster Beverage Analyst Ratings on MarketBeat show expectations for 7.5% growth in the stock price. However, recent analyst sentiment indicates that analysts are starting to bid the stock higher. That may be based on earnings expectations. Monster delivered 41% earnings per share (EPS) growth.
And although earnings are only expected to grow by around 14% this year, analysts can't help but notice the company still commands 30% of the market share in its core category of energy drinks. Monster also branched out into alcoholic beverages in 2023. The company expects that category to become a more significant part of revenue and earnings in the coming years.
About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.
Read More - Current Price
- $54.06
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 6 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $56.45 (4.4% Upside)
