Sean McGowan, an analyst at Roth MKM, has reiterated his positive outlook on Celsius Holdings (NASDAQ: CELH) by maintaining a Buy rating and increasing the price target to $105, up from $90. The company’s stock closed at $91.07 on March 14, 2024, marking a 6.75% increase from the previous day and a remarkable 234.66% surge over the past year.
Celsius Holdings specializes in developing, processing, marketing, distributing, and selling functional beverages and liquid supplements on a global scale. While some analysts, like Gerald Pascarelli from Wedbush, share a bullish sentiment with a Buy rating and a price target of $75.00, opinions on the stock vary across the board.
It’s worth noting that analyst ratings serve as indicators of market sentiment and future projections rather than direct financial advice or recommendations.
Celsius Holdings Inc. (CELH) Sees Slight Decline in Stock Performance on March 14, 2024: What Investors Need to Know
On March 14, 2024, Celsius Holdings Inc. (CELH) saw a slight decline in its stock performance, with shares decreasing by $1.67, or 1.74%, since the previous market close. Despite this drop, CELH is still trading near the top of its 52-week range and above its 200-day simple moving average, indicating strong overall performance.
Investors may want to consider various factors when evaluating CELH’s stock performance, such as the company’s financial health, market trends, and industry competition. Additionally, conducting thorough research and analysis can help investors make informed decisions about buying, selling, or holding onto CELH shares.
Overall, while CELH experienced a slight decline in its stock price on March 14, 2024, the company’s strong position relative to its 52-week range and moving average suggests that it may still have potential for growth in the future. As always, investors should exercise caution and consider their own risk tolerance and investment goals before making any decisions in the stock market.
Celsius Holdings Inc. Reports Impressive Financial Results for 2023, Revenue Up 101.65%: Whats Next for CELH Stock?
On March 14, 2024, Celsius Holdings Inc. (CELH) reported impressive financial results for the past year, with total revenue reaching $1.32 billion, representing a significant increase of 101.65% compared to the previous year. Net income for CELH also saw a substantial increase over the past year, reaching $226.80 million, a growth of 221.1% compared to the previous year. Earnings per share (EPS) for CELH stood at $0.77 for the past year, reflecting a notable increase of 187.67% compared to the previous year. Overall, CELH’s financial performance over the past year has been strong, with significant growth in total revenue, net income, and earnings per share. Investors may view the company’s consistent revenue growth positively, although the slight decrease in net income and EPS since the last quarter may raise some concerns. It will be interesting to see how CELH stock performs in the coming days following these financial results. Investors will likely closely monitor any updates from the company and industry trends to assess the stock’s potential for future growth.
