Roth MKM analyst Sean McGowan maintains $Monster Beverage (MNST.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 41.9% and a total average return of -1.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Monster Beverage (MNST.US)$'s main analysts recently are as follows:
Monster Beverage's third quarter showcased a beat on foreign exchange-neutral sales growth, but earnings per share fell short of expectations. Despite a less than impressive preliminary report on October sales growth, management expressed optimism regarding the recovery of the energy drink category.
Following Monster Beverage's report of Q3 sales and EBIT that did not meet consensus, there's a recognition of improving trends in U.S. scanner data according to management discussions. These insights are leading to the anticipation of an upswing in energy drinks category trends. Despite a modest revision to the 2024-2025 forecasts after the quarterly report, there remains an expectation of escalating Monster sales trends through 2025, bolstered by factors such as comparisons, pricing, and innovation.
Note:
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