Monster Beverage Corporation (NASDAQ:MNST) Stock Has Consensus Target Price of $50.33 According to Brokerages
MarketBeat
Monster Beverage Corporation (NASDAQ:MNST) has received a "Moderate Buy" consensus from 22 brokerages, with an average 12-month price target of $50.33, exceeding its current share price of $43.11. The company recently reported stronger-than-expected quarterly results, with $0.60 EPS and $2.50 billion in revenue, representing a 20.2% year-over-year increase. Despite its strong performance and dominant position in the energy drink market, concerns remain regarding its valuation at nearly 40 times
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