CELH - Despite Recent Dips Celsius Holdings Remains A Strong Buy: Inside This Analyst's Raised Price Target | Benzinga
Roth MKM analyst Sean McGowan reiterated a Buy rating on Celsius Holdings, Inc. (NASDAQ: CELH), raising the price target to $220 from $180.
The analyst notes that CELH shares dropped over 8% yesterday and are down more than 12% since hitting an all-time high less than two weeks ago (vs. S&P500 down ~1%).
McGowan sees no fundamental reason for the pullback, even when the stock had more than doubled over the first eight months and was up close to 50% in the five weeks prior to hitting that all-time high, setting up a possible correction.
Recent NielsenIQ data (as reported in BevNET) show ...