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RBC Capital Believes Monster Beverage (MNST) Won’t Stop Here

RBC Capital analyst Nik Modi maintained a Buy rating on Monster Beverage (MNSTResearch Report) on August 2 and set a price target of $100.00. The company’s shares closed last Wednesday at $96.05, close to its 52-week high of $99.89.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 9.2% and a 65.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.

Monster Beverage has an analyst consensus of Moderate Buy, with a price target consensus of $104.27, a 7.9% upside from current levels. In a report issued on July 28, Wells Fargo also maintained a Buy rating on the stock with a $110.00 price target.

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The company has a one-year high of $99.89 and a one-year low of $71.78. Currently, Monster Beverage has an average volume of 2.97M.

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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