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Monster Beverage Corporation (MNST)
NASDAQ: MNST · IEX Real-Time Price · USD
50.89
-0.12 (-0.24%)
At close: Jul 19, 2024, 4:00 PM
50.91
+0.02 (0.04%)
Pre-market: Jul 22, 2024, 7:10 AM EDT

Monster Beverage Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Monster Beverage stock have an average target of 59.12, with a low estimate of 46 and a high estimate of 68. The average target predicts an increase of 16.17% from the current stock price of 50.89.

Analyst Consensus: Buy
Target Low Average Median High
Price $46 $59.12 $59 $68
Change -9.61% +16.17% +15.94% +33.62%

Analyst Ratings

The average analyst rating for MNST stock from 17 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 1097666
Buy 554444
Hold 665555
Sell 000011
Strong Sell 001111
Total 212017161717

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Nik Modi
RBC Capital
 RBC Capital
Buy
Reiterates
$64
 Buy Reiterates $64 +25.76% Jul 1, 2024
Chris Carey
Wells Fargo
 Wells Fargo
Buy
Maintains
$65 → $59
 Buy Maintains $65 → $59 +15.94% Jun 25, 2024
Kevin Grundy
Exane BNP Paribas
 Exane BNP Paribas
Sell
Initiates
$48
 Sell Initiates $48 -5.68% Jun 24, 2024
Mark Astrachan
Stifel
 Stifel
Strong Buy
Maintains
$63 → $57
 Strong Buy Maintains $63 → $57 +12.01% Jun 17, 2024
Steve Powers
Deutsche Bank
 Deutsche Bank
Strong Buy
Maintains
$66 → $63
 Strong Buy Maintains $66 → $63 +23.80% Jun 14, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
8.03B
from 7.14B
Increased by 12.39%
Revenue Next Year
8.85B
from 8.03B
Increased by 10.24%
EPS This Year
1.82
from 1.54
Increased by 18.25%
EPS Next Year
2.08
from 1.82
Increased by 14.22%
Year 2019202020212022202320242025202620272028
Revenue
4.20B4.60B5.54B6.31B7.14B8.03B8.85B9.71B10.60B11.39B
Revenue Growth
10.34%9.47%20.50%13.89%13.14%12.39%10.24%9.72%9.19%7.48%
EPS
1.021.321.291.121.541.822.082.352.682.98
EPS Growth
15.34%30.05%-2.27%-13.18%37.50%18.25%14.22%13.16%13.98%10.90%
Forward PE
-----27.9524.4721.6218.9717.11
No. Analysts -----28281555
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 8.4B 9.5B 10.6B 10.9B 11.8B
Avg 8.0B 8.8B 9.7B 10.6B 11.4B
Low 7.4B 8.1B 9.0B 10.2B 10.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
18.2%
18.7%
20.1%
12.4%
11.0%
Avg
12.4%
10.2%
9.7%
9.2%
7.5%
Low
3.9%
0.7%
1.4%
4.9%
2.9%

EPS Forecast

EPS 20242025202620272028
High 2.02 2.29 2.68 2.78 3.09
Avg 1.82 2.08 2.35 2.68 2.98
Low 1.64 1.88 2.11 2.56 2.84

EPS Growth

EPS Growth 20242025202620272028
High
30.9%
25.7%
28.7%
18.2%
15.1%
Avg
18.2%
14.2%
13.2%
14.0%
10.9%
Low
6.3%
3.3%
1.3%
8.7%
5.9%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.