Blurbs

Evercore ISI Thinks Monster Beverage’s Stock is Going to Recover

Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Monster Beverage (MNSTResearch Report) yesterday and set a price target of $100.00. The company’s shares closed last Monday at $75.00, close to its 52-week low of $74.71.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -2.9% and a 40.2% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Anheuser-Busch Inbev Sa.

Currently, the analyst consensus on Monster Beverage is a Moderate Buy with an average price target of $101.29, representing a 24.5% upside. In a report issued on February 25, Citigroup also maintained a Buy rating on the stock with a $98.00 price target.

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Monster Beverage’s market cap is currently $43.04B and has a P/E ratio of 29.16.

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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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