Evercore ISI Keeps a Buy Rating on Monster Beverage (MNST)

Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Monster Beverage (MNSTResearch Report) on June 17 and set a price target of $100.00. The company’s shares closed last Friday at $88.12.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -4.9% and a 33.7% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Reynolds Consumer Products.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monster Beverage with a $103.36 average price target, implying a 17.7% upside from current levels. In a report issued on June 6, Morgan Stanley also maintained a Buy rating on the stock with a $117.00 price target.

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Monster Beverage’s market cap is currently $46.67B and has a P/E ratio of 34.80.

Based on the recent corporate insider activity of 28 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 MNST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

California-based Monster Beverage Corp. develops, markets, sells and distributes energy drink beverages and concentrates including Monster Energy, Relentless and Burn in the United States and internationally. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.

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