Reported 8 days ago
Celsius Holdings, a leading energy drink company, faces a temporary slump due to reduced orders from its distributor PepsiCo, leading to a significant drop in its stock price from $98 to $31. However, Wall Street analysts remain optimistic, projecting a price target of $49.40 per share, nearly 60% higher than its current value, driven by strong market performance and plans for international expansion. Despite recent sales declines, Celsius’s growth potential makes it a solid buy for risk-tolerant investors.
Source: YAHOO