The energy drink manufacturer Celsius Holdings was hailed by investors as a new star in the industry last year. But analysts warn: The rapid growth will be difficult to maintain in the future.
As Jonathan Keypour, analyst at BofA Research, explains in a new report Celsius Holdings writes, the company is faced with new challenges. The bank downgraded the stock to Neutral from Buy but maintained its $65 price target.
The reason for this reassessment is the unexpected decline in Celsius’ market share, which has continued to decline since its peak in August. This development raises questions about continued sales growth and clouds the previously more favorable risk/reward profile that was supported by the momentum of the Pepsi distribution deal.
Advertisement ShortLong
wallstreetONLINE central editorial office
0 Follower
show more
Sign up HERE for the newsletter from the wallstreetONLINE central editorial team – an overview of all the top topics of the stock market week! Don’t miss any important investor topics!
The editor-in-chief of the wallstreetONLINE central editorial team is responsible for contributions to this journalistic channel.
The specialist journalists from the wallstreetONLINE central editorial team and their colleagues from the partner editorial offices report exclusively, well-founded, balanced and independent for investors.
The central editorial team researches intensively in order to be able to provide investors in the self-decision category with relevant information for their investment decisions.
show more
Subscribe to RSS feed