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Multiple analysts reaffirmed 'Buy' ratings on Celsius Holdings (CELH) in December, with a median price target of $68 suggesting a 55% upside potential.
Energy drink maker Celsius saw its stock fall 28.8% despite reporting a 173% year-over-year revenue increase in its Q3 earnings, reflecting broader investor skepticism in the beverage sector.
Celsius Holdings reported strong Q3 sales growth, primarily driven by its Alani Nu brand, while the core CELSIUS brand showed signs of slowing. This comes as competitor Cizzle Brands reports significant revenue growth and strategic expansion, signaling intensifying competition in the sports nutrition market.