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Monster Beverage Corp has a consensus price target of $67.39 based on the ratings of 28 analysts. The high is $120 issued by Argus Research on March 21, 2023. The low is $40 issued by Truist Securities on August 9, 2024. The 3 most-recent analyst ratings were released by TD Cowen, UBS, and Wells Fargo on November 11, 2024, November 8, 2024, and November 5, 2024, respectively. With an average price target of $57.33 between TD Cowen, UBS, and Wells Fargo, there's an implied 6.06% upside for Monster Beverage Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Monster Beverage (NASDAQ:MNST) was reported by TD Cowen on November 11, 2024. The analyst firm set a price target for $55.00 expecting MNST to rise to within 12 months (a possible 1.74% upside). 37 analyst firms have reported ratings in the last year.
The latest analyst rating for Monster Beverage (NASDAQ:MNST) was provided by TD Cowen, and Monster Beverage maintained their hold rating.
The last upgrade for Monster Beverage Corp happened on August 7, 2023 when Piper Sandler raised their price target to $63. Piper Sandler previously had a neutral for Monster Beverage Corp.
The last downgrade for Monster Beverage Corp happened on April 25, 2024 when JP Morgan changed their price target from $66 to $59 for Monster Beverage Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Monster Beverage, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Monster Beverage was filed on November 11, 2024 so you should expect the next rating to be made available sometime around November 11, 2025.
While ratings are subjective and will change, the latest Monster Beverage (MNST) rating was a maintained with a price target of $50.00 to $55.00. The current price Monster Beverage (MNST) is trading at is $54.06, which is within the analyst’s predicted range.
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