Celsius Holdings, the Consumer Defensive sector company, was revisited by a Wall Street analyst yesterday. Analyst Filippo Falorni from Citi maintained a Buy rating on the stock and has a $73.00 price target.
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Filippo Falorni has given his Buy rating due to a combination of factors that indicate strong growth potential for Celsius Holdings. The recent integration of Alani Nu into PEP’s distribution network is expected to significantly enhance Celsius’s market reach and operational efficiency. This strategic move is anticipated to improve Alani Nu’s availability in large retailers and convenience stores, thereby expanding its market presence.
Moreover, PEP’s increased investment in Celsius, raising its stake to approximately 11%, further solidifies the partnership between the two companies. This investment not only strengthens their collaboration but also supports Celsius’s acquisition of the Rockstar brand, which is expected to bolster its market share in the traditional energy drink segment. These strategic developments underpin Falorni’s confidence in Celsius Holdings’ growth trajectory and justify the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $68.00 price target.
Based on the recent corporate insider activity of 82 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.