Celsius Holdings ( NASDAQ: CELH) stock price has suffered a harsh reversal this week as investors remained concerned about its growth trajectory. The stock has plunged for three straight days and moved into a bear market. Are you looking for signals & alerts from pro-traders?
Is celh stock a good buy?
Despite the warning from Morgan Stanley, the firm maintained its “equal weight” rating and $75 per share price target for CELH stock. That’s more bearish than the analysts’ consensus rating of moderate buy and price prediction of $88.36 per share. CELH stock is down 16.7% as of Tuesday afternoon but is still up 34.2% year-to-date.
What did Morgan Stanley analysts say about celh?
Here’s what the Morgan Stanley analysts said in a note to clients obtained by Investing.com. “CELH percentage sales on promotion increased sequentially in the last three weeks, with CELH pricing down -7% y/y in the latest two weeks.
