RBC Capital analyst Nik Modi maintained a Buy rating on Monster Beverage on Friday, setting a price target of $104, which is approximately 13.97% above the present share price of $91.25.
Modi expects Monster Beverage to post earnings per share (EPS) of $0.89 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Monster Beverage, with an average price target of $106.33.
The analysts price targets range from a high of $118 to a low of $94.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.2 billion and a net profit of $402.3 million. The company's market cap is $48.23 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 77.19% 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.