Bank of America Securities Sticks to Their Buy Rating for Celsius Holdings (CELH)

In a report released today, Peter Galbo from Bank of America Securities reiterated a Buy rating on Celsius Holdings, with a price target of $55.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, General Mills, and McCormick & Company. According to TipRanks, Galbo has an average return of -0.3% and a 46.06% success rate on recommended stocks.

In addition to Bank of America Securities, Celsius Holdings also received a Buy from TipRanks – PerPlexity’s PerPlexity Beverages – Non-Alcoholic in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Celsius Holdings (NASDAQ: CELH).

Based on Celsius Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $721.63 million and a net profit of $24.74 million. In comparison, last year the company earned a revenue of $332.2 million and had a GAAP net loss of $18.88 million

Based on the recent corporate insider activity of 150 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CELH in relation to earlier this year. Last month, Joyce Russell, a Director at CELH sold 2,880.00 shares for a total of $147,772.80.