Celsius Holdings price target raised to $200 from $180 at Stephens

Stephens analyst Jim Salera raised the firm’s price target on Celsius Holdings to $200 from $180 and keeps an Overweight rating on the shares after the company reported what the firm describes as “very impressive 2Q23 results that easily topped Street expectations.” Consumption trends remain “robust” and the “sizable beat in the quarter highlights the vast whitespace still available for Celsius,” the analyst tells investors.