Truist Financial analyst Bill Chappell maintains $Monster Beverage (MNST.US)$ with a sell rating.
According to TipRanks data, the analyst has a success rate of 53.4% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Monster Beverage (MNST.US)$'s main analysts recently are as follows:
Following a challenging third quarter, there is an expectation of a fiscal year 2025 improvement that appears to be largely anticipated in the current valuation.
Monster Beverage reported that third-quarter sales growth beat expectations when adjusting for foreign exchange, but earnings per share fell short. Despite the mixed results, management expressed optimism regarding the recovery of the energy drink category, although initial observations on October sales growth were not as strong as anticipated.
Following Monster Beverage's report of Q3 sales and EBIT that were below consensus, management mentioned improving trends in U.S. scanner data, indicating a potential uptick in energy drinks category trends. The expectation is for Monster's sales trends to gain momentum towards 2025, driven by comparisons, pricing dynamics, and innovation, despite a modest revision in the 2024-2025 forecasts post the quarterly earnings announcement.
Note:
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