Negative Press Doesn't Hurt Monster Beverage (MNST) Sales
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Price: $47.79 +0.63%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Apparently negative headlines about Monster Beverage (NASDAQ: MNST) is not having a damaging impact on sales. In fact, they are up sharply.
According to a note from analysts at Goldman Sachs, Monster sales are up +23.6% in convenience, significantly outpacing the category (+14.3%) and Red Bull (+12.8%). They note that this is a reversal from recent month's trends, where Red Bull had outperformed Monster.
Monster also showed positive price/oz growth of +0.6%, it's first increase since January, the firm notes.
Goldman has a Buy rating and price target of $58 on MNST.
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 $44.81 yesterday.
According to a note from analysts at Goldman Sachs, Monster sales are up +23.6% in convenience, significantly outpacing the category (+14.3%) and Red Bull (+12.8%). They note that this is a reversal from recent month's trends, where Red Bull had outperformed Monster.
Monster also showed positive price/oz growth of +0.6%, it's first increase since January, the firm notes.
Goldman has a Buy rating and price target of $58 on MNST.
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 $44.81 yesterday.
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