Jefferies analyst Kaumil Gajrawala has maintained their bullish stance on CELH stock, giving a Buy rating on February 12.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Kaumil Gajrawala’s rating is based on a combination of factors including the current trends and challenges facing Celsius Holdings. Despite a noticeable slowdown in growth, with retail figures declining and a negative trajectory in recent months, there appears to be potential for improvement. The company’s market share is under pressure, yet there are signs of sequential improvement, albeit modest.
Gajrawala indicates that for the stock to perform well, it’s crucial to witness a turnaround in growth and consistent gains in market share. Although the current market dynamics pose challenges, the analyst sees possibilities for Celsius to capitalize on growth opportunities if they can stabilize their velocity and regain distribution strength. This outlook underpins the Buy rating, as there remains a belief in the company’s ability to rebound and capture market share in the competitive energy drink sector.
In another report released on February 12, J.P. Morgan also maintained a Buy rating on the stock with a $31.00 price target.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CELH in relation to earlier this year.