Celsius Holdings’ Q4 to show ‘dramatic growth in sales’, says Roth MKM

Roth MKM keeps a Buy rating and $70 price target on Celsius Holdings but notes that the company’s Q4 results later this month should show a dramatic growth in sales, operating income and adjusted EBITDA, validating the firm’s thesis that its growth will continue to outpace the overall energy market. Commentary from Celsius management should also provide further details on expansion beyond existing markets and the success of new product launches, including the 16 oz. Essentials line, the analyst tells investors in a research note.