Roth MKM analyst Sean McGowan keeps a Neutral rating and $50 price target on Monster Beverage (MNST) after its Q4 earnings. The results were a bit better than expected after adjusting for one-time impairment charges, though sales were slightly below estimates, the analyst tells investors in a research note. Roth adds however that it continues to expect mid-single-digit annual revenue growth for the next several years with modest improvement in margins, but also believes that the stock’s current valuation is full.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNST:
- Monster Beverage co-CEO Rodney Sacks to resign on June 12
- Elastic, Monster, Caesars, Catalyst, Corbus: Stock Shake-Up!
- Monster Beverage price target raised to $57 from $53 at UBS
- Monster Beverage’s Earnings Call: Mixed Sentiment Amid Growth
- Dell reports mixed Q4 results, Intel delays Ohio chip factory: Morning Buzz
Questions or Comments about the article? Write to editor@tipranks.com