Is Now the Time to Buy the Dip in Celsius Stock?
If you have a tasty recipe and a penchant for marketing flair, it doesn't take much else to get into the energy drink market. A lack of dominant brands and ample profitability to go around have attracted new upstarts that are able to establish a foothold. One of those brands is Celsius (NASDAQ: CELH).
Rapid sales solidified with the help of a distribution partnership with PepsiCo (NASDAQ: PEP) in late 2022 helped push shares of Celsius stock up nearly 140% in the last three years alone.
However, that impressive performance includes a 42% drop from 52-week highs set in March 2024. Is it time to buy the dip in Celsius stock?
Source Fool.com
PepsiCo Inc. Aktie
158,42 €
0,43 %
Reines Buy-Sentiment für PepsiCo Inc., keine Sell-Einschätzungen in Sicht.
Das Kursziel von 174 € für PepsiCo Inc. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 158.42 €.
