Celsius Stock Is Beaten Down Now, but It Could Still Soar
Celsius (NASDAQ: CELH) stock hit an all-time high of $99.62 on March 14, 2024. At the time, many investors were impressed by the energy drink maker's rapid growth. But over the following four months, shares have declined 47%.
The bulls retreated amid concerns about its slowing sales growth, market share losses, and inventory reductions at its distribution partner, (NASDAQ: PEP). However, Celsius stock can still bounce back and generate 10-bagger gain (or more) over the long term if it successfully scales up its business.
Source Fool.com
PepsiCo Inc. Stock
€155.72
-0.380%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 11.74% for PepsiCo Inc. compared to the current price of 155.72 €.
