Monster falls as Roth analysts cut targets amid growth concerns

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Go back to Monster falls as Roth analysts cut targets amid growth concerns

RBC Capital Reiterates Outperform Rating on Monster Beverage (MNST)

June 14, 2024 6:19 AM EDT

RBC Capital analyst Nik Modi reiterated an Outperform rating and $65.00 price target on Monster Beverage (NASDAQ: MNST).

The analyst comments "Yesterday, we listened to Monsters annual shareholder meeting and believe the tone was constructive. While management acknowledged pressure on the energy... More

Goldman Sachs Reiterates Buy Rating on Monster Beverage (MNST)

June 14, 2024 5:12 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $66.00 price target on Monster Beverage (NASDAQ: MNST).

The analyst comments "We reiterate our Buy rating on MNST following mgmt's broadly upbeat and constructive tone at its annual shareholder mtg after the close today (6/13). While mgmt did acknowledge that there has... More

Monster Beverage (MNST) PT Lowered to $61 at Jefferies

June 13, 2024 5:19 AM EDT

Jefferies analyst Kaumil Gajrawala lowered the price target on Monster Beverage (NASDAQ: MNST) to $61.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "The slowdown across beverages and soft Memorial Day trends warrants a reset. We lower our '24 growth forecast by... More