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Monster Beverage Corp (NASDAQ:MNST)‘s stock had its “outperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Friday. They currently have a $98.00 target price on the stock, up from their previous target price of $82.00. Credit Suisse’s target price suggests a potential upside of 4.82% from the company’s current price.

Monster Beverage Corp (NASDAQ:MNST) traded down 3.88% on Friday, hitting $89.86. 2,555,537 shares of the company’s stock traded hands. Monster Beverage Corp has a 52 week low of $51.15 and a 52 week high of $94.93. The stock has a 50-day moving average of $68.6 and a 200-day moving average of $69.19. The company has a market cap of $15.022 billion and a P/E ratio of 40.12.

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. Analysts expect that Monster Beverage Corp will post $2.58 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. 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. Separately, analysts at Credit Agricole upgraded shares of Monster Beverage Corp from an “underperform” rating to an “outperform” rating in a research note on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Monster Beverage Corp in a research note on Wednesday, August 13th. They now have a $74.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $86.00.

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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