Can someone update me
Couple of factors. I believe Celsius stock is undervalued and has a bright future.
After the market closed yesterday, Celsius issued a press release. It announced that it’s going to report financial results for the fourth quarter of 2024 tomorrow after the market closes. And then on Friday morning, management will make a presentation at the Consumer Analyst Group of New York Conference. Usually these things would be announced a month or more in advance, not days.
In some investors’ minds, this can only mean one thing: Celsius must have good news to share with investors and it wants to get the financial report out there so that it can discuss it at the conference. This is quite the about-face with expectations.
Despite a 65% decline in stock value over the past year, analysts maintain a bullish outlook on Celsius Holdings. Brokers tracked by Visible Alpha have assigned eight “buy” and four “hold” ratings, with an average price target of $38.91, significantly higher than recent closing prices.