Celsius one of the best best consumer growth stories, says Piper Sandler

Piper Sandler analyst Michael Lavery continues to believe Celsius Holdings is one of the best consumer growth stories and that it can drive sustainable, volume-driven share gains with near-term and long-term growth. The company’s U.S. retail sales growth has strong momentum, up 133.2% in the latest four weeks, accelerating from 129.3% in the prior four weeks, the analyst tells investors in a research note. Piper thinks Celsius’ international growth “remains a long-term leg of the story that also does not appear to be priced in.” It keeps an Overweight rating on the shares with a $165 price target.