Monster Beverage (MNST) Analyst Day Should Focus on Intl Growth Opportunity - RBC Capital

RBC Capital analyst Nik Modi reiterated an Outperform rating and $75.00 price target on Monster Beverage (NASDAQ: MNST) ahead of its analyst day this evening. The company faced a number of challenges in 2019 including strong growth from Bang Energy, the launch of Coca-Cola Energy in Europe, competitors not following the company’s price increase and a very active innovation agenda from Red Bull.

The analyst noted that this year will comp those difficult trends stating "In all the debate over Monster’s trends in the US, we believe investors have overlooked the real reason to own MNST
shares — international growth, especially China. As a reminder, there are more energy drink consumers in China than people in the US and per capita consumption remains very low".

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

Shares of Monster Beverage closed at $63.82 yesterday.

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