Celsius Holdings Inc Receives a Buy from Maxim Group

In a report released today, Anthony Vendetti from Maxim Group maintained a Buy rating on Celsius Holdings Inc (NASDAQ: CELH), with a price target of $8. The company’s shares closed yesterday at $5.12.

Vendetti commented:

“1Q18 revenue of $12.1M, up 101% y/y, was well above both our estimate of $10.6M and consensus of $9.9M. Domestic revenue grew 68.6% y/y and international revenue increased 230% y/y..”

According to TipRanks.com, Vendetti is ranked #532 out of 4798 analysts.

Currently, the analyst consensus on Celsius Holdings Inc is Moderate Buy and the average price target is $8, representing a 56.3% upside.

In a report issued on May 8, B.Riley FBR also maintained a Buy rating on the stock with a $8 price target.

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Based on Celsius Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.21 million. In comparison, last year the company had a GAAP net loss of $1.88 million.

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Celsius Holdings, Inc. engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.