Is Celsius Stock Going to $40? 1 Wall Street Firm Thinks So.
Celsius Holdings (NASDAQ: CELH) has had a rough year, with lower sales amid a cautious consumer-spending environment. But Needham recently raised its price target from $38 to $40 following the company's latest earnings report.Wall Street price targets are usually estimates of where an analyst thinks the stock will trade in the next 12 to 18 months. They're not that meaningful for anyone with a long-term investing horizon. That said, the firm's bullish call implies a positive direction for the business that could signal a buying opportunity for investors.Celsius finished 2024 with revenue down 4% year over year in the fourth quarter and up 3% for the full year, a significant decline from the triple-digit growth the company reported as recently as 2023. Revenue is down as its largest distributor, PepsiCo, made major adjustments to inventory last year amid lower demand.Continue reading
Celsius Holdings (NASDAQ: CELH) has had a rough year, with lower sales amid a cautious consumer-spending environment. But Needham recently raised its price target from $38 to $40 following the company's latest earnings report.
Wall Street price targets are usually estimates of where an analyst thinks the stock will trade in the next 12 to 18 months. They're not that meaningful for anyone with a long-term investing horizon. That said, the firm's bullish call implies a positive direction for the business that could signal a buying opportunity for investors.
Celsius finished 2024 with revenue down 4% year over year in the fourth quarter and up 3% for the full year, a significant decline from the triple-digit growth the company reported as recently as 2023. Revenue is down as its largest distributor, PepsiCo, made major adjustments to inventory last year amid lower demand.
