Is Celsius Stock Going to $42? 1 Wall Street Analyst Thinks So.

Shares of Celsius Holdings (NASDAQ: CELH) are currently trading 73% off their all-time high. Lower sales are to blame as its largest distributor made inventory adjustments that weighed on Celsius' financial results last year. In the wake of new sales and market share data, Morgan Stanley is maintaining its equal weight (hold) rating on the shares and also keeping its price target at $42, which implies upside of 66% from where the stock trades as of this writing. Wall Street price targets are usually estimates of where an analyst thinks the stock will trade within the next 12 to 18 months.It's uncertain when the stock will recover, but Celsius is emerging as a leading brand in an industry with excellent long-term growth prospects.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool