CELH - Celsius Holdings To Gain From Favorable Cost Trends High Retail Sales Velocity: Analyst | Benzinga
ROTH MKM analyst Sean McGowan reiterated the Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), raising the forecast to $90.
Celsius Holdings surpassed fourth-quarter earnings estimates with $0.17, alongside a revenue increase of 95% year over year. North American revenue spiked 97%, while international revenue jumped 68%.
Per the analyst, the results were driven by the factors that have propelled its growth over the past several years: continued expansion of distribution, increased shelf space in existing customers, and high retail sales velocity.
McGowan projects the company’s future growth to ...