Truist analyst Bill Chappell has increased the price target for Monster Beverage (MNST, Financial) to $50, up from the previous target of $40, though he maintains a Sell rating on the company's shares. This adjustment comes as part of a broader review, where Truist is recalibrating its price targets for 11 companies within its consumer staples coverage prior to their quarterly earnings announcements.
The move indicates a shift in expectations for Monster Beverage, aligning with the overall strategic adjustments made by Truist across the sector. Investors and market watchers will be keen to observe how these changes reflect on Monster Beverage’s stock performance in the upcoming earnings period.
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 $57.80 with a high estimate of $71.00 and a low estimate of $40.00. The average target implies an downside of 2.86% from the current price of $59.50. 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 $69.19, suggesting a upside of 16.29% from the current price of $59.5. 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.
