It's time to buy Celsius Holdings as the firm's energy drinks break away from industry leaders Red Bull and Monster, according to Piper Sandler. Analyst Michael Lavery initiated coverage of Celsius with an overweight rating, as well as a $110 price target, saying the stock is poised to break out with the growing popularity of the firm's line of energy drinks. "
's flavors are primarily fruit-forward and unique," Lavery added. is now in over 210,000 US stores, up ~20% from 3Q22, with additional upside planned in 2023. Joining the PEP system has already lifted
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