Stifel ‘more measured’ on near-term impact of Celsius’ international opportunity

Stifel analyst Mark Astrachan estimates international sales will contribute $165M to Celsius’ sales in 2025, or 9% of total sales, and grow to $302M by 2028. While the firm says its estimates “could prove conservative,” it thinks the modeled international contribution is likely somewhat below expectations embedded in Celsius shares, the analyst tells investors. Stifel has a Buy rating and $155 price target on Celsius shares.