Monster Beverage Corp (MNST) rated a 'Buy' at Stifel on Sales Growth Prospects

Monster Beverage Corporation (NASDAQ:MNST) is one of the 12 best consumer goods stocks billionaires are quietly buying. On June 13, Stifel reiterated a ‘Buy’ rating on the stock and a $72 price target. The bullish stance is in response to the company’s robust sales growth.

The company’s US sales in tracked channels through June were up by 9.2% as international results rose by mid-teens. In addition, Stifel is buoyed by Monster Beverage’s performance in global markets, which has emerged as a key driver of the overall growth strategy.

Monster Beverage has already warned of upcoming cost pressure from aluminum inflation owing to the US trade war. While this could have a significant impact, Stifel insists that the cost pressures are already factored into the financial estimates. That’s in part because the company’s innovation pipeline for 2025 represents a significant part of the growth strategy.

Monster Beverage Corporation (NASDAQ:MNST) primarily develops and markets energy drinks and alternative beverages. It is focused on brand building and strategic partnerships, particularly with The Coca-Cola Company, to reach a global market.

While we acknowledge the potential of MNST 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.

READ NEXT: Top 10 Nuclear Energy Stocks to Invest in for the Next Decade and 10 Best Healthcare Penny Stocks to Buy According to Analysts.

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