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BMO Capital Markets upped their target price on shares of Monster Beverage Corp (NASDAQ:MNST) to $95.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 32.59% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Monster Beverage Corp in a research note on Friday. They now have a $82.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Monster Beverage Corp from $75.00 to $94.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Monster Beverage Corp from an “underperform” rating to an “outperform” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Monster Beverage Corp has a consensus rating of “Buy” and an average target price of $82.00.

Shares of Monster Beverage Corp (NASDAQ:MNST) traded up 30.37% on Friday, hitting $93.413. 18,338,292 shares of the company’s stock traded hands. Monster Beverage Corp has a 1-year low of $51.15 and a 1-year high of $75.63. The stock’s 50-day moving average is $67.97 and its 200-day moving average is $69.01. The company has a market cap of $15.616 billion and a P/E ratio of 30.75.

Monster Beverage Corp (NASDAQ:MNST) last announced its earnings results on Thursday, August 7th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.06. The company had revenue of $687.20 million for the quarter, compared to the consensus estimate of $694.22 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Monster Beverage Corp will post $2.58 earnings per share for the current fiscal year.

Monster Beverage Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage, such as non-carbonated ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks, and single-serve still water (NASDAQ:MNST) with beverages, including sodas that are considered natural, sparkling juices and flavored sparkling beverages.

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