Monster Beverage (MNST) Has a New Rating from Goldman Sachs
Monster Beverage received a Hold rating and price target from Goldman Sachs analyst Bonnie Herzog on June 12. The company’s shares closed last Friday at $92.83.
Claim 55% Off TipRanks
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
According to TipRanks, Herzog is a 4-star analyst with an average return of 5.8% and a 58.06% success rate. Herzog covers the Consumer Defensive sector, focusing on stocks such as Philip Morris, Constellation Brands, and Boston Beer.
Currently, the analyst consensus on Monster Beverage is a Moderate Buy with an average price target of $92.13.
Based on Monster Beverage’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.35 billion and a net profit of $569.49 million. In comparison, last year the company earned a revenue of $1.85 billion and had a net profit of $442.99 million
Based on the recent corporate insider activity of 34 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 MNST in relation to earlier this year. Earlier this month, Guy Carling, the CEO, EMEA and OSP of MNST sold 19,000.00 shares for a total of $1,727,100.00.
Read More on MNST:
Disclaimer & DisclosureReport an Issue
- Insiders Shake Up Star Bulk, Datavault AI, Hershey, Monster, Caesars
- AMD upgraded, Adobe downgraded: Wall Street’s top analyst calls
- Monster initiated with Market Perform on valuation at Bernstein
- Monster Beverage initiated with a Market Perform at Bernstein
- Monster Beverage Announces Planned Board and Leadership Transition
