CELH - Why Beverage Company Celsius Holdings Shares Are Trading Higher Today | Benzinga
Shares of food and beverage company Celsius Holdings Inc (NASDAQ:CELH) are trading higher today.
Wedbush analyst Gerald Pascarelli reiterated an Outperform rating on the shares and raised the price target from $75 to $90.
Recently, Celsius reported fourth-quarter earnings per share of $0.17, beating the consensus estimate of $0.15. Revenue of $347.43 beat the consensus estimate of $331.49 million.
The solid end to year was rewarded with a stock price reaction that put an exclamation point on what has been an incredible run in the shares over the month of February, said the analyst.