Celsius Holdings (CELH – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Gerald Pascarelli from Needham reiterated a Buy rating on the stock and has a $40.00 price target.
Gerald Pascarelli has given his Buy rating due to a combination of factors including the promising acquisition of Alani Nu, which is expected to be beneficial for Celsius Holdings. The acquisition is seen as a strategic move that not only comes at a favorable valuation but is also anticipated to enhance earnings and accelerate market share growth.
Additionally, despite a challenging quarter, the company’s outlook remains positive with expectations of improved consumer trends and a higher gross margin in the future. Pascarelli has increased the revenue, earnings, and EBITDA forecasts for Celsius Holdings and raised the price target to $40, reflecting confidence in the company’s growth trajectory. These elements collectively reinforce the Buy rating and the company’s position on the conviction list.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $40.00 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.