Celsius Stock Slips After Q1 Miss, But Analyst Sees Strong Long-Term Growth Drivers

JPMorgan analyst Andrea Teixeira reiterated the Overweight rating on Celsius Holdings, Inc. CELH on Wednesday, with a price forecast of $44.On Tuesday, the firm reported first-quarter adjusted earnings per share of 18 cents. It missed the analyst consensus estimate of 19 cents.Quarterly sales of$329.28 million (down 7% year over year) missed the Street view of $344.03 million.Teixeira pointed out several positive aspects, including improving retailer scanner data for Celsius—suggesting underlying strength ...