RBC Capital Maintains Outperform on Monster Beverage, Raises PT to $68.

RBC Capital Maintains Outperform on Monster Beverage, Raises PT to $68.

RBC Capital has maintained its Outperform rating on Monster Beverage (MNST) while raising its price target to $68. The decision comes on the heels of Monster Beverage's strong second-quarter performance, which saw the company beat analyst expectations on both revenue and earnings per share [1].

Monster Beverage reported an 11% rise in Q2 net sales to $2.11 billion, exceeding estimates of $2.08 billion. The company also posted a profit per share of 52 cents, surpassing estimates of 47 cents. Analysts at RBC highlighted the favorable setup for Monster Beverage, expecting sequential improvements in its top line due to pricing, innovation support, and the lapping of convenience store softness in 2024 [1].

The company's robust performance was driven by strong volume growth, with case volumes jumping 17.5% in Q2, and international sales accounting for 41% of total Q2 net sales. CFRA, another research firm, cited Monster's unexpectedly robust volume growth as the primary driver for raising its price target to $65.00 [2].

Despite the positive trends, CFRA maintained its Hold rating due to ongoing concerns about Monster's declining U.S. market share, which has dropped 370 basis points to 26.8% over the past five years. However, the firm acknowledged that Monster's international growth potential may have been underestimated [2].

The stock has seen significant appreciation, up about 16% year-to-date as of the last close, and 14 of 26 brokerages rate the stock "buy" or higher, with a median price target of $68 [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3TZ0G0:0-monster-beverage-jumps-after-quarterly-results-beat/
[2] https://www.investing.com/news/analyst-ratings/cfra-raises-monster-beverage-stock-price-target-to-65-on-strong-volume-growth-93CH-4181028