Evercore ISI analyst Robert Ottenstein maintained a Buy rating on Monster Beverage on Wednesday, setting a price target of $105, which is approximately 29.53% above the present share price of $81.06.
Ottenstein expects Monster Beverage to post earnings per share (EPS) of $0.64 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Monster Beverage, with an average price target of $103.9.
The analysts price targets range from a high of $111 to a low of $92.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.41 billion and a net profit of $444.46 million. The company's market cap is $42.89 billion.
According to TipRanks.com, Evercore ISI analyst Robert Ottenstein is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.2% and a 43.81% success rate.
California-based Monster Beverage Corp (NASDAQ:MNST). develops, markets, sells and distributes energy drink beverages and concentrates including Monster Energy, Relentless and Burn in the United States and internationally. It operates through the following segments: Monster Energy Drinks, Strategic Brands and Other.