Form SC TO-C Monster Beverage Corp Filed by: Monster Beverage Corp
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Roth/MKM Comments on Monster Beverage (MNST)
May 3, 2024 6:25 AM EDTRoth/MKM analyst Sean McGowan reiterated a Neutral rating and $59.00 price target on Monster Beverage (NASDAQ: MNST).
The analyst comments "MNST's 1Q results showed solid revenue growth and improvement in gross margin and adjusted EBITDA. Yet, these results lagged consensus estimates,... More
Deutsche Bank Comments on Monster Beverage (MNST)
May 3, 2024 6:11 AM EDTDeutsche Bank analyst Steve Powers reiterated a Buy rating and $66.00 price target on Monster Beverage (NASDAQ: MNST)
The analyst comments "We expect MNST shares will be up tomorrow driven by (i) better-than-feared 1Q results, (ii) a confirmation of US pricing in 4Q (on the core Monster line and potentially other sub-brands, though the magnitude of pricing is yet to be determined), and especially (iii) a $3 billion Dutch tender auction repurchase announcement (likely transpiring later this month and resulting in MNST buying back ~5%... More
