Piper Sandler analyst Michael Lavery lowered the firm’s price target on Celsius Holdings (CELH) to $33 from $47 and keeps an Overweight rating on the shares. The firm notes the company’s top-line momentum remains soft, but it does expect a boost to shipments in 2025 as it laps PepsiCo’s (PEP) inventory de-loading. Piper expects shipments to outpace consumption in 2025, and expects growth to be about 20%, even if underlying consumption remains flat.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
- Netflix, Seagate, J&J report quarterly beats: Morning Buzz
- Netflix upgraded, Reddit downgraded: Wall Street’s top analyst calls
- Celsius Holdings downgraded to Hold from Buy at TD Cowen
- Morgan Stanley says Celsius year-over-year sales declined in last two weeks
- Celsius Holdings price target lowered to $39 from $45 at UBS