Gerald Pascarelli, an analyst from Needham, reiterated the Buy rating on Celsius Holdings (CELH – Research Report). The associated price target was raised to $45.00.
Gerald Pascarelli has given his Buy rating due to a combination of factors that suggest a positive outlook for Celsius Holdings. The company has shown signs of recovery with improving trends, particularly as it heads into the warmer months, which are crucial for sales. This improvement is supported by new product innovations and strategic market positioning, which are expected to enhance the company’s performance.
Additionally, the integration of Alani Nu, a rapidly growing brand in the U.S. energy sector, is anticipated to contribute significantly to the company’s financial results. With these factors in mind, Pascarelli has increased the revenue estimates for the upcoming fiscal years and raised the price target for CELH, reinforcing his confidence in the stock’s potential growth.
Pascarelli covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Celsius Holdings, and Brown-Forman B. According to TipRanks, Pascarelli has an average return of -2.7% and a 41.79% success rate on recommended stocks.