.jpg "Monster Beverage Corp (NASDAQ: MNST)")
In a report released today, Kevin Grundy from Jefferies maintained a Buy rating on Monster Beverage Corp (MNST), with a price target of $71. The company’s shares closed yesterday at $54.27.
Grundy noted:
“We came away positive from MNST’s NYC Analyst Day as commentary centered on: (i) high expectations for Reign launch (March) in performance segment in response to Bang, (ii) update on.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 5.0% and a 58.8% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Interlink Electronics, Inc., and Constellation Brands Inc.
Monster Beverage Corp has an analyst consensus of Moderate Buy, with a price target consensus of $60.91, implying a 12.2% upside from current levels. In a report issued on January 8, SunTrust Robinson also upgraded the stock to Buy with a $65 price target.
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The company has a one-year high of $70.22 and a one-year low of $47.61. Currently, Monster Beverage Corp has an average volume of 3.77M.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.
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Monster Beverage Corp. is a holding company which engages in the development, marketing, sale, and distribution of energy drink beverages and concentrates. It operates through the following segments: Finished Products, Concentrate, and Other. The Finished Products segment consists of the Monster Energy drink products.
