Celsius Holdings(CELH) Shares Soar 2.95% on Buy Rating, Price Target Hike

Celsius Holdings(CELH) shares rose to their highest level since August 2024 today, with an intraday gain of 2.95%.

Analyst Gerald Pascarelli from Needham reiterated a Buy rating on Celsius Holdings, raising the price target to $45.00. This decision is based on improving trends, new product innovations, strategic market positioning, and the integration of Alani Nu, which is expected to significantly contribute to financial results.

This positive outlook is further supported by the recent stock performance, which saw CELH shares increase by 4.38% on April 9, reaching an intraday high of $36.07 before settling at $35.38. This indicates a strong market sentiment towards the company's future prospects.