Monster Beverage shares rise 5.10% premarket after reporting record Q3 sales and profit growth, beating estimates and receiving analyst upgrades.

Monster Beverage surged 5.10% in premarket trading following the release of record third-quarter financial results, which included a 16.8% year-over-year revenue increase to $2.20 billion, a 40.7% rise in operating income to $675.4 million, and adjusted EPS of $0.56, exceeding estimates. The report highlighted robust global demand, particularly for zero-sugar Monster Energy Ultra products, and a 23.3% jump in international sales. Analysts also raised price targets, citing the company’s innovation, pricing power, and category growth. The stock’s premarket rally aligned with these positive earnings beats and upgraded analyst expectations, as reflected in Jefferies’ $79 target and RBC’s Outperform rating.