Wedbush analyst has raised the price target for Celsius Holdings Inc. from $75 to $90
Wedbush analyst Gerald Pascarelli has raised the price target for Celsius Holdings Inc. from $75 to $90, driving an upward trajectory in the company’s stock today.
Reiterating an Outperform rating on the shares, Pascarelli’s decision follows Celsius’ robust fourth-quarter performance, with earnings per share surpassing expectations at $0.17 and revenue hitting $347.43 million, exceeding the consensus estimate.
Pascarelli emphasized the significant stock price reaction, marking a notable end to the year and underscoring Celsius’ impressive momentum throughout February.
While the earnings beat fell slightly short of previous quarters, Pascarelli remains optimistic about the company’s potential for market share gains, fueled by strong sales velocities and expanded shelf space.
Despite acknowledging Celsius’ potential for substantial revenue growth, improved margins, and earnings, Pascarelli cautions that the stock’s current levels—up over 45% year-to-date—may limit further upside. As a result, Celsius Holdings Inc. has been removed from the Wedbush Best Ideas List (BIL).
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