Celsius Holdings price target raised to $67 from $64 at Stifel

Stifel raised the firm’s price target on Celsius Holdings to $67 from $64 and keeps a Buy rating on the shares. The firm’s deep dive build-up of Celsius’ sales by segment suggests Q4 year-over-year sales growth of 99%, versus consensus at 85%, with similar upside through the first half of 2024, the analyst tells investors. The firm adds that it thinks its estimates “could prove conservative,” as they are based on the product of total distribution points and sales velocities and assuming no meaningful contribution from international.