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Goldman Sachs Initiates Coverage on Celsius Holdings with Buy Rating
Goldman Sachs Initiates Coverage on Celsius Holdings with Buy Rating
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BTCCSquare news:
Goldman Sachs has launched coverage of Celsius Holdings (CELH) with a Buy rating and a $72 price target, signaling a 23% upside from current levels. The energy drink maker's aggressive international expansion and market share gains position it as a standout in consumer packaged goods.
With only 3% of sales currently derived outside the U.S., Celsius boasts significant growth potential abroad. Goldman projects market share could surpass 20% by 2026, driven by new product launches and margin improvements. The stock's 123% year-to-date rally hasn't deterred analysts, who deem the valuation attractive given the growth runway.
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