Monster Beverage (MNST) Stock Forecast & Price Target

$52.00 -3.96 (-7.08%)

(As of 11/15/2024 ET)

Monster Beverage - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
2

Hold
6

Buy
13

Based on 21 Wall Street analysts who have issued ratings for Monster Beverage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 2 have given a sell rating, 6 have given a hold rating, and 13 have given a buy rating for MNST.

Consensus Price Target

$56.45
8.56% Upside

According to the 21 analysts' twelve-month price targets for Monster Beverage, the average price target is $56.45. The highest price target for MNST is $68.00, while the lowest price target for MNST is $40.00. The average price target represents a forecasted upside of 8.56% from the current price of $52.00.

MNST Analyst Ratings Over Time

Type	Current Forecast 11/17/23 to 11/16/24	1 Month Ago 10/18/23 to 10/17/24	3 Months Ago 8/19/23 to 8/18/24	1 Year Ago 11/17/22 to 11/17/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	16 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$56.45	$55.68	$55.85	$60.50
Forecasted Upside	8.56% Upside	4.20% Upside	19.49% Upside	10.42% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MNST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MNST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Monster Beverage Stock vs. The Competition

Type	Monster Beverage	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.52	2.46	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	8.56% Upside	236.83% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent MNST News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/12/2024	Argus 2 of 5 stars		Boost Target	Buy	$55.00 ➝ $65.00	+16.11%
11/11/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$50.00 ➝ $55.00	+1.64%
11/8/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy	$61.00 ➝ $59.00	+11.32%
11/8/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$57.00 ➝ $59.00	+11.32%
11/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$55.00 ➝ $57.00	+7.55%
11/5/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$57.00 ➝ $60.00	+10.99%
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11/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$50.00 ➝ $49.00	-8.00%
10/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$56.00 ➝ $57.00	+10.29%
8/12/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$56.00 ➝ $50.00	+8.55%
8/9/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$46.00 ➝ $40.00	-11.12%
8/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$56.00 ➝ $54.00	+20.19%
8/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$64.00 ➝ $60.00	+35.29%
8/8/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$65.00 ➝ $60.00	+18.74%
8/8/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$61.00 ➝ $60.00	+18.74%
8/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$60.00 ➝ $54.00	+6.87%
8/8/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$59.00 ➝ $46.00	-8.96%
6/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Grundy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$48.00	-2.22%
6/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$65.00 ➝ $60.00	+23.15%
3/6/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$72.00 ➝ $68.00	+17.46%
3/6/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
1/17/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$62.00 ➝ $68.00	+16.90%
10/5/2023	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$60.00	+17.03%
8/10/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$55.00 ➝ $57.00	-2.08%
5/2/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/7/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$52.00	-1.07%
3/6/2023	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$60.00	+17.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 04:56 PM ET.

Should I Buy Monster Beverage Stock? MNST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 31, 2024. Please send any questions or comments about these Monster Beverage pros and cons to contact@marketbeat.com.

Monster Beverage
Bull Case

Here are some ways that investors could benefit from investing in Monster Beverage Co.:

Monster Beverage Co. has shown resilience in its market performance, with a consistent track record of growth and profitability, making it a stable investment option.
Recent analyst reports have indicated a positive outlook for Monster Beverage Co., with several analysts issuing buy ratings and setting target prices above the current stock price, suggesting potential for stock price appreciation.
Despite short-term fluctuations, Monster Beverage Co. has maintained a strong financial position with a low debt-to-equity ratio, ensuring stability and financial health.
Monster Beverage Co. has a diverse product portfolio and a strong market presence globally, providing opportunities for continued expansion and revenue growth.
With a current stock price of $50.83, Monster Beverage Co. may be considered undervalued based on its historical performance and growth prospects, presenting a potential buying opportunity for investors.

Monster Beverage
Bear Case

Investors should be bearish about investing in Monster Beverage Co. for these reasons:

Recent earnings results for Monster Beverage Co. fell short of analysts' expectations, indicating potential challenges in meeting revenue targets and profitability estimates.
Several equities analysts have downgraded their price targets for Monster Beverage Co., citing concerns about market conditions and competitive pressures affecting the company's growth prospects.
The stock price of Monster Beverage Co. has experienced volatility in recent trading sessions, reflecting uncertainty and potential risks associated with market fluctuations and investor sentiment.
Market competition in the energy drink sector is intensifying, posing a threat to Monster Beverage Co.'s market share and profitability margins, which could impact long-term investor returns.
Investors should carefully monitor regulatory developments and consumer trends in the beverage industry, as changes in regulations or shifting consumer preferences could impact Monster Beverage Co.'s sales and profitability.

MNST Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Monster Beverage is $56.45, with a high forecast of $68.00 and a low forecast of $40.00.
: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monster Beverage in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MNST shares.
: According to analysts, Monster Beverage's stock has a predicted upside of 8.56% based on their 12-month stock forecasts.
: Monster Beverage has been rated by research analysts at Argus, Bank of America, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Stifel Nicolaus, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Monster Beverage more than other "consumer staples" companies. The consensus rating for Monster Beverage is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how MNST compares to other companies.

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This page (NASDAQ:MNST) was last updated on 11/16/2024 by MarketBeat.com Staff

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Monster Beverage (MNST) Stock Forecast & Price Target