Wedbush analyst Gerald Pascarelli raised the firm’s price target on Celsius Holdings to $155 from $130 and keeps an Outperform rating on the shares. The firm cites several catalysts, including current consumer takeaway trends, which have been accelerating and continue to exceed initial expectations; the long-term U.S. market share opportunity; and international expansion, which is not currently being factored into the majority of consensus.
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Published first on TheFly
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