.jpg "Monster Beverage Corp (NASDAQ: MNST)")
Morgan Stanley analyst Dara Mohsenian maintained a Hold rating on Monster Beverage Corp (MNST) today and set a price target of $62. The company’s shares closed yesterday at $58.74.
According to TipRanks.com, Mohsenian is a 3-star analyst with an average return of 2.4% and a 65.1% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Edgewell Personal Care, and Keurig Dr Pepper Inc.
Currently, the analyst consensus on Monster Beverage Corp is a Moderate Buy with an average price target of $65.40, implying an 11.3% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock.
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The company has a one-year high of $62.64 and a one-year low of $47.61. Currently, Monster Beverage Corp has an average volume of 3.26M.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Hilton Schlosberg, the Vice Chairman and President of MNST bought 16,830 shares for a total of $99,970.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
