Roth MKM keeps a Buy rating and $70 price target on Celsius Holdings (CELH) while noting that last week’s sharp stock decline “creates an opportunity”. The weakness relates to concerns that Celsius’ flagship energy drink may not be gaining market share against competitors, particularly market leader Monster (MNST), but the firm remains confident that Celsius will post exceptional growth in 2024 and beyond, the analyst tells investors in a research note.
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