Citi has increased its price target for Monster Beverage (MNST, Financial) from $64 to $70, while maintaining a Buy rating on the stock. This adjustment comes as part of the firm's first-quarter earnings preview for the beverages and household and personal care sector.
The firm anticipates a challenging outlook for the sector in the first quarter, citing subdued comments regarding performance in the U.S., Europe, and emerging markets. Additionally, there are concerns about tariff risks impacting the industry. Despite these challenges, Citi remains focused on companies that demonstrate strong visibility on immediate trends and possess unique growth opportunities.
In the upcoming earnings reports, Citi is optimistic about Keurig Dr Pepper (KDP), Boston Beer (SAM), and Church & Dwight (CHD) due to their promising prospects. However, the firm expresses caution towards Procter & Gamble (PG), Colgate-Palmolive (CL), and Coca-Cola (KO), which face potential headwinds.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Monster Beverage Corp (MNST, Financial) is $56.97 with a high estimate of $68.00 and a low estimate of $40.00. The average target implies an downside of 2.02% from the current price of $58.15. More detailed estimate data can be found on the Monster Beverage Corp (MNST) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Monster Beverage Corp's (MNST, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Monster Beverage Corp (MNST, Financial) in one year is $69.11, suggesting a upside of 18.85% from the current price of $58.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Monster Beverage Corp (MNST) Summary page.
