Monster Beverage Corporation (MNST) Receives Price Target

Monster Beverage Corporation (MNST) : The highest level Monster Beverage Corporation (MNST) is projected to reach is $191 for the short term and the lowest estimate is at $160. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $178.88 and the possibility the share price can swing is $10.41.

Monster Beverage Corporation (MNST) : Zacks Investment Research ranks Monster Beverage Corporation (MNST) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.85, which indicates as a Buy.


Also, Jefferies maintains its rating on Monster Beverage Corporation (NASDAQ:MNST). The global brokerage major raises the current price target from $162 per share to $175 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on August 18, 2016.

Monster Beverage Corporation (NASDAQ:MNST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $154.33 and $152.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $155.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $154.33, notching a gain of 0.29% for the day. The total traded volume was 680,438 . The stock had closed at $153.89 on the previous day.

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