BofA analyst Jonathan Keypour raised the firm’s price target on Celsius Holdings to $180 from $165 and keeps a Buy rating on the shares, noting that velocity, distribution, and scale pushed Q2 results above the firm’s “conservative” estimates. Seasonality of the Energy category “certainly helped” Q2 and the firm expects some attenuation to the growth rate by Q4, but it is raising estimates following the Q2 beat.
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