JPMorgan Chase & Co. Raises Celsius (NASDAQ:CELH) Price Target to $77.00

Celsius (NASDAQ:CELH) had its price target lifted by research analysts at JPMorgan Chase & Co. from $68.00 to $77.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 46.72% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Roth Mkm reissued a “buy” rating on shares of Celsius in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Celsius in a research note on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Celsius in a report on Thursday, November 6th. KeyCorp initiated coverage on Celsius in a report on Tuesday, December 16th. They set a “sector weight” rating for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $65.00 price target (up from $61.00) on shares of Celsius in a report on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.33.

Celsius Stock Performance

Shares of CELH stock opened at $52.48 on Thursday. The firm has a market cap of $13.53 billion, a price-to-earnings ratio of 524.80, a PEG ratio of 0.87 and a beta of 0.89. Celsius has a 52-week low of $21.10 and a 52-week high of $66.74. The company has a quick ratio of 1.61, a current ratio of 1.89 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $47.33 and its 200 day moving average is $51.86.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The business had revenue of $725.11 million for the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a return on equity of 41.88% and a net margin of 3.03%.The business’s revenue for the quarter was up 172.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In other news, Director Hal Kravitz purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $45.24 per share, for a total transaction of $452,400.00. Following the completion of the transaction, the director owned 216,147 shares of the company’s stock, valued at $9,778,490.28. This trade represents a 4.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.55% of the company’s stock.

Institutional Trading of Celsius

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA purchased a new position in Celsius in the 4th quarter worth approximately $115,321,000. BNP Paribas Financial Markets increased its holdings in shares of Celsius by 389.1% in the third quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock valued at $98,490,000 after purchasing an additional 1,362,867 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Celsius in the second quarter valued at approximately $59,382,000. Ilex Capital Partners UK LLP purchased a new position in Celsius during the second quarter worth approximately $55,966,000. Finally, Holocene Advisors LP boosted its stake in Celsius by 130.6% during the second quarter. Holocene Advisors LP now owns 2,108,041 shares of the company’s stock worth $97,792,000 after buying an additional 1,193,707 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.