CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results
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Go back to CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results
February 29, 2024 5:49 AM EST
Jefferies analyst Kaumil Gajrawala raised the price target on Monster Beverage (NASDAQ: MNST) to $69.00 (from $66.00) while maintaining a Buy rating.
The analyst comments "Solid end to F23 with the sales miss largely fx-driven and EPS in-line. QTD is also much better than feared, with... More
February 29, 2024 5:43 AM EST
RBC Capital analyst Nik Modi raised the price target on Monster Beverage (NASDAQ: MNST) to $65.00 (from $60.00) while maintaining a Outperform rating.
The analyst comments "Despite the more muted US take-away/depletion trends due to weather, MNST delivered robust January sales of +20%... More
February 29, 2024 4:06 AM EST
Monster Beverage Corporation (NASDAQ: MNST) shares jumped over 5% in after-hours trading Wednesday after the energy drink maker reported notably better-than-expected gross profit margins and strong revenue growth for the fiscal fourth quarter.
Earnings per share (EPS) were reported at $0.38, in line with consensus... More
