UPDATE: Jefferies Starts Celsius Holdings (CELH) at Buy

September 16, 2021 5:56 AM EDT
Get Alerts CELH Hot Sheet
Price: $88.91 -3.88%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 72
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(Updated - September 16, 2021 7:53 AM EDT)

Jefferies analyst Kevin Grundy initiates coverage on Celsius Holdings (NASDAQ: CELH) with a Buy rating and a price target of $115.00.

The analyst commented, "We initiate on CELH w/ a Buy rating. We see a long runway for growth at CELH, which we view as a disruptive brand, w/ vastly improved distribution, in the fast-growing performance energy drink segment. CELH offers industry leading growth, material scope for margin upside (akin to MNST in early 2000s), and compelling intl./strategic "optionality". At 16.8x NTM EV/sales, premium to 1st quartile growth comp avg. of 9.5x is warranted, and $115 PT supported by DCF."

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 $90.90 yesterday.

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