TD Cowen Maintains Buy on Celsius Holdings, Lowers Price Target to $35
TD Cowen analyst Robert Moskow maintains Celsius Holdings (NASDAQ:CELH) with a Buy and lowers the price target from $41 to $35.
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On Thursday, Celsius Holdings (NASDAQ:CELH) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you by Benzinga APIs. For real-time
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TD Cowen analyst Robert Moskow maintains Celsius Holdings (NASDAQ:CELH) with a Buy and lowers the price target from $41 to $35.
A class action lawsuit has been filed against Celsius Holdings (CELH) for allegedly making false and misleading statements about the safety of Alani Nu energy drinks, which contain 200mg of caffeine per 12oz serving. The complaint alleges the company marketed high-caffeine products to consumers under 18 despite known cardiac risks, following a wrongful death lawsuit involving a 17-year-old and a Texas Attorney General investigation. The stock fell significantly on news of the investigation.
Monster Beverage stands out among beverage giants by carrying zero long-term debt, compared to billions owed by competitors like Coca-Cola ($43.5B), PepsiCo ($42.6B), and Celsius ($2.4B). This financial flexibility allows Monster to strategically manage downturns and acquisitions without bank obligations. However, the company's debt-free status is already priced into its valuation at 39.7x free cash flow, the highest multiple in the non-alcoholic beverage sector.