Maxim Group Keeps Their Buy Rating on Celsius Holdings Inc (CELH)

By Ryan Adsit

Maxim Group analyst Anthony Vendetti maintained a Buy rating on Celsius Holdings Inc (CELHResearch Report) today and set a price target of $8. The company’s shares opened today at $3.88.

Vendetti commented:

“Market open, CELH reported better-than-expected 4Q18 results, including domestic revenue above our estimate. GAAP loss per share was narrower-than-expected as CELH scaled back its China investment ahead of its transition to a licensing strategy. We are raising topline estimates on the revenue beat, but reducing EPS estimates on higher expected marketing and promotional investments.”

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 6.5% and a 50.2% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Sensus Healthcare Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celsius Holdings Inc with a $8 average price target.

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The company has a one-year high of $5.63 and a one-year low of $3.05. Currently, Celsius Holdings Inc has an average volume of 57.99K.

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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.