Monster Beverage Benefits from Analyst Upgrades and Rally

about 1 month ago

Critty Gupta

"Monster Energy, not a stock we talk about a lot, but is certainly getting an energy boost this morning. MNST is your ticker, trading just shy of $69 a share, higher by 3.6%. And Monster Beverage does a lot of things. They don't just have the Monster Energy drink, but they're saying those energy drinks are ultimately uh what's fueling their bottom line. And Wall Street is applauding it. I mean, they are seeing some pretty uh decent price upgrades on this. Piper Sandler, for example, giving their stamp of approval, maintaining their overweight, but raising their price target to $75 a share. A similar story over at Morgan Stanley, raising it to $81 a share from 74. Across the board, you are seeing Monster Beverage actually rally quite a bit."

Monster Beverage (MNST) is receiving strong support as analysts from Piper Sandler and Morgan Stanley raise price targets, contributing to the stock's rally amid solid performance of its energy drink segment.

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