Ladenburg analyst Jeffrey Cohen raised the firm’s price target on Celsius Holdings to $200 from $66.75 and keeps a Buy rating on the shares, noting that Celsius announced a 3-for-1 stock split on November 2 and will begin trading on a split-adjusted basis on November 15. Based on the company’s commentary and financial performance for Q3, the firm made adjustments to its models and now forecasts revenue of $2.1B and $3.0B in FY24 and FY25, respectively.
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