Celsius Holdings price target raised to $180 from $155 at Wedbush

Wedbush analyst Gerald Pascarelli raised the firm’s price target on Celsius Holdings to $180 from $155 and keeps an Outperform rating on the shares following quarterly results. With a beat to consensus essentially a foregone conclusion, the company needed to clear the buyside bogey, which it did, delivering a massive beat to revenue, gross margin, earnings and EBITDA, which will likely result in another step change in the share price based on pre-market trading, the firm says.