William Blair analyst Jon Andersen has maintained their bullish stance on CELH stock, giving a Buy rating today.
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Jon Andersen’s rating is based on a combination of factors that highlight Celsius Holdings’ strong financial performance and growth potential. The company’s sales exceeded expectations by 4% compared to estimates and 1% above consensus, while EBITDA surpassed forecasts by 50% and outperformed the Street by 37%. This robust performance is driven by an impressive organic sales growth of 44%, which benefited from a favorable product mix and enhanced distribution strategies.
Additionally, the retail consumption of Celsius’ total portfolio increased by 31%, with notable growth in both the Celsius brand and Alani Nu, which saw a remarkable 114% rise due to successful innovation and strong core flavor performance. The company’s gross margin also improved, supported by strategic promotions, an optimized product and channel mix, and efficiencies gained from scale. These factors collectively contribute to Jon Andersen’s Buy rating for Celsius Holdings, reflecting confidence in the company’s continued growth trajectory.
In another report released today, Needham also reiterated a Buy rating on the stock with a $70.00 price target.
Based on the recent corporate insider activity of 84 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 CELH in relation to earlier this year.