Monster Beverage shares tumble after disappointing Q2 earnings
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Goldman Sachs Reiterates Buy Rating on Monster Beverage (MNST)
August 8, 2024 9:28 AM EDTGoldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $63.00 price target on Monster Beverage (NASDAQ: MNST).
The analyst comments "Our View - We maintain our Buy rating on MNST despite a disappointing Q2 that caught most by surprise. Expectations heading into MNST's Q2 print had pulled back, the result of a slowdown in US... More
Monster Beverage (MNST) PT Lowered to $60 at Jefferies
August 8, 2024 5:53 AM EDTJefferies analyst Kaumil Gajrawala lowered the price target on Monster Beverage (NASDAQ: MNST) to $60.00 (from $61.00) while maintaining a Buy rating.
The analyst comments "2Q was worse than feared. Sales came in at 2.5%, 6.4pp below expectations, and EPS missed by 9%. It... More
