Piper Sandler has increased its price target for Celsius Holdings (CELH, Financial) to $44, up from the previous target of $43. The firm maintains an Overweight rating on the stock, highlighting the company's improving sales trajectory.
Celsius Holdings has shown a positive trend in its retail sales, particularly notable in recent retail scanner data. This improvement has been evident since late January, according to Piper Sandler's observations.
In addition to Celsius, Alani Nu is also experiencing robust top-line momentum, and Piper Sandler anticipates this strength to continue. This reflects positively on the potential future performance of Celsius Holdings.
