Celsius Holdings, Inc. (CELH) saw its shares soar 5.41% in pre-market trading on Friday, as the energy drink maker received a positive assessment from analysts.
According to MT Newswires, Needham initiated coverage on CELH with a "Buy" rating and a price target of $38. The positive outlook from the research firm appears to have fueled bullish sentiment and increased demand for CELH shares ahead of the regular trading session.
The pre-market rally suggests investors are responding favorably to the analyst's assessment of Celsius Holdings' growth prospects and valuation. However, it remains to be seen whether the momentum will carry over into regular trading, as the broader market conditions and other factors may also influence the stock's performance throughout the day.
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