Truist lowered the firm’s price target on Celsius Holdings to $45 from $60 and keeps a Hold rating on the shares. The firm is adjusting its model after the company’s Q2 results earlier this week, lowering its FY24 EBITDA estimate to $356M from $390M and its FY25 EBITDA view to $430M from $504M, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
- Celsius Holdings downgraded to Underperform from Neutral at BofA
- Celsius Holdings CEO: Our fundamentals are strong
- Celsius Holdings price target lowered to $65 from $75 at Roth MKM
- Celsius Holdings price target lowered to $73 from $80 at B. Riley
- Celsius Holdings price target lowered to $50 from $68 at TD Cowen