Celsius Holdings, Inc. (CELH) saw its stock soar 5.52% in pre-market trading on Friday, as the energy drink maker received positive analyst coverage that fueled investor optimism.
According to reports, Needham initiated coverage on CELH with a "Buy" rating and a price target of $38, reflecting the firm's bullish outlook on the company's growth prospects and valuation. This positive assessment from analysts appears to have driven increased demand for CELH shares ahead of the regular trading session.
Analysts polled by FactSet also hold an average "Overweight" rating on CELH, with a mean price target of $42.63. The favorable analyst sentiment highlights the potential for further upside in the stock, contributing to the pre-market rally.
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