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. Stock
€159.10
0.680%
With 22 Buy predictions and not a single Sell prediction PepsiCo Inc. is an absolute favorite of our community.
As a result the target price of 174 € shows a slightly positive potential of 9.37% compared to the current price of 159.1 € for PepsiCo Inc..
