- Monster Beverage secures a legal victory, impacting its stock price positively.
- Wall Street analysts provide mixed forecasts, with a possibility of a price decline.
- GuruFocus estimates highlight potential upside value for the stock.
Monster Beverage Corporation (MNST, Financial) has claimed victory in a significant legal battle. A U.S. appeals court recently upheld the company’s $311 million trial win against Bang Energy and its founder, regarding false advertising claims. As news of the ruling spread, Monster Beverage's shares experienced a modest rise of 0.2% in premarket trading.
Wall Street Analysts Forecast
According to data provided by 23 analysts, the average one-year price target for Monster Beverage Corp (MNST, Financial) stands at $57.24. The highest estimate reaches $70.00, while the lowest is $40.00. This average target suggests a potential downside of 2.40% from the current trading price of $58.64. For further details, the Monster Beverage Corp (MNST) Forecast page offers comprehensive information.
The consensus recommendation from 26 brokerage firms reveals an average rating of 2.4 for Monster Beverage Corp (MNST, Financial), indicating an "Outperform" status. The rating scale applied ranges from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell recommendation.
GF Value Estimation
GuruFocus provides an estimated GF Value for Monster Beverage Corp (MNST, Financial) over the next year, pricing it at $69.11. This indicates a potential upside of 17.85% from its current market price of $58.64. The GF Value is derived from historical trading multiples, past business growth, and projected future performance estimates. Additional insights are available on the Monster Beverage Corp (MNST) Summary page.
