Jefferies Maintains a Buy on Celsius Holdings (CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) is one of the best hot large cap stocks to buy according to hedge funds. On August 29, Jefferies analyst Kaumil Gajrawala maintained a Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), keeping the associated price target the same at $64.00.

The analyst expects the recent Rockstar acquisition and integration into PepsiCo’s distribution network to be significant factors boosting Celsius Holdings, Inc.’s (NASDAQ:CELH) market share, raising it to around 20%.

Gajrawala told investors that this move bolsters the alignment between PepsiCo and Celsius Holdings, Inc. (NASDAQ:CELH) while raising PepsiCo’s ownership stake, which he considers a positive development for both the companies. He also expects the acquisition to improve margins and boost revenue growth as the business integrates.

Celsius Holding (NASDAQ:CELH) develops, processes, markets, sells, and distributes functional energy drinks to various consumers. It markets its flagship asset, CELSIUS, as a fitness drink or supplement that accelerates metabolism and burns body fat with exercise while providing energy.

The company’s product formulation includes supplements and ingredients such as green tea (EGCG), calcium, ginger, B vitamins, vitamin C, and chromium. The product line is marketed in two versions: a ready-to-drink version and an on-the-go powder form.

While we acknowledge the potential of CELH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.