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CFRA Starts Celsius Holdings (CELH) at Hold

June 11, 2024 2:46 PM EDT

CFRA analyst Garrett Nelson initiates coverage on Celsius Holdings (NASDAQ: CELH) with a Hold rating and a price target of $65.00.

The analyst comments "We set our 12-month target at $65, representing an estimated 2025 P/E of 43.3x. We initiate coverage at Hold, as we see adj-EPS growth to $1.10 in 2024 and... More