Celsius Holdings (CELH) PT Raised to $105 at Roth/MKM

Roth/MKM analyst Sean McGowan raised the price target on Celsius Holdings (NASDAQ: CELH) to $105.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "We are raising our price target on CELH shares from $90 to $105, reflecting increased confidence that exceptional growth will continue as the company expands its U.S. distribution footprint, rolls into new markets outside the U.S., and leverages its cost structure. Our estimates for revenue and adjusted EBITDA over the next several years remain above consensus and are not changed at this time. We expect occasional pullbacks in the stock (which has become common) but maintain our Buy rating."

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