Buy Celsius (CELH) on Any Stock Weakness - Jefferies

Jefferies analyst Kevin Grundy reiterated a Buy rating and $125.00 price target on Celsius Holdings (NASDAQ: CELH) saying they remain bullish following its long-term strategic distribution partnership with PepsiCo. They would be buyers of any stock weakness.

The analyst commented, "We remain bullish on CELH following its LT strategic distribution partnership w/ PEP, which will help the co. gain scale, accelerate its mkt share momentum, and augment its intl. strategy. Our review of recent distributor transitions (MNST / Bang) suggest short-term disruptions (one to two qtrs.) are followed by periods of accelerated growth. W/ shares at ~7.5x EV/Sales, we'd be buyers of any stock weakness in mos. ahead on distributor transition "noise."

For an analyst ratings summary and ratings history on Celsius Holdings click here. For more ratings news on Celsius Holdings click here.

Shares of Celsius Holdings closed at $102.92 yesterday.

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