Wedbush Maintains Outperform Rating for Celsius Holdings: Here's What You Need To Know

Wedbush has decided to maintain its Outperform rating of Celsius Holdings CELH and raise its price target from $75.00 to $90.00.

Shares of Celsius Holdings are trading up 0.92% over the last 24 hours, at $80.00 per share.

A move to $90.00 would account for a 12.5% increase from the current share price.

About Celsius Holdings

Celsius Holdings plays in the energy drink subsegment of the global nonalcoholic beverage market, with 94% of revenue concentrated in North America. Celsius' products contain natural ingredients and a metabolism-enhancing formulation, appealing to fitness and active lifestyle enthusiasts. The firm's portfolio includes its namesake Celsius Originals beverages (including those that are naturally caffeinated with stevia) and Celsius On-the-Go powder packets. Celsius focuses its time on branding and innovation, while it utilizes third parties for the manufacturing, packaging, and distribution of its products. In 2022, Celsius forged a 20-year distribution agreement with PepsiCo, which holds an 8.5% stake in the business.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.