Celsius shares target raised to $105 by Jefferies By Investing.com
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On Wednesday, Jefferies updated its outlook on Celsius Holdings (NASDAQ:), increasing the price target to $105 from $98 while maintaining a Buy rating. The adjustment follows the beverage company’s plans to expand internationally, beginning with markets in Canada, the UK, and Ireland.
The firm’s analyst highlighted Celsius’s potential to carve out a new “clean energy” category within the existing energy drink market in these regions. According to the analyst, this strategic move could accelerate the company’s growth in a sector that is already on the rise. The growth expectations are backed by a forecast that international sales, excluding Canada, could reach approximately $376 million by 2028, which would account for about 9% of sales compared to around 4% today.
Celsius Holdings is recognized for its focus on healthier energy drink options and has been gaining traction within the industry. The analyst’s positive outlook is based on the company’s cautious yet deliberate approach to expanding its global footprint.
The revised price target of $105 reflects the firm’s confidence in Celsius’s growth trajectory and its ability to establish a significant presence in new markets. The Buy rating suggests that the analyst sees continued upside potential for the stock, based on the company’s strategic initiatives and market expansion plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
On Wednesday, Jefferies updated its outlook on Celsius Holdings (NASDAQ:), increasing the price target to $105 from $98 while maintaining a Buy rating. The adjustment follows the beverage company’s plans to expand internationally, beginning with markets in Canada, the UK, and Ireland.
The firm’s analyst highlighted Celsius’s potential to carve out a new “clean energy” category within the existing energy drink market in these regions. According to the analyst, this strategic move could accelerate the company’s growth in a sector that is already on the rise. The growth expectations are backed by a forecast that international sales, excluding Canada, could reach approximately $376 million by 2028, which would account for about 9% of sales compared to around 4% today.
Celsius Holdings is recognized for its focus on healthier energy drink options and has been gaining traction within the industry. The analyst’s positive outlook is based on the company’s cautious yet deliberate approach to expanding its global footprint.
The revised price target of $105 reflects the firm’s confidence in Celsius’s growth trajectory and its ability to establish a significant presence in new markets. The Buy rating suggests that the analyst sees continued upside potential for the stock, based on the company’s strategic initiatives and market expansion plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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