Monster Beverage Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Monster Beverage stock have an average target of 62.35, with a low estimate of 55 and a high estimate of 68. The average target predicts an increase of 17.33% from the current stock price of 53.14.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$55	$62.35	$65	$68
Change	+3.50%	+17.33%	+22.32%	+27.96%

* Price targets were last updated on Mar 6, 2024.

Analyst Ratings

The average analyst rating for MNST stock from 17 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	10	10	10	10	9	8
Buy	5	5	5	5	5	5
Hold	5	5	6	6	6	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	21	21	20	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos Laboy HSBC	HSBC	Strong Buy Maintains $72 → $68	Strong Buy	Maintains	$72 → $68	+27.96%	Mar 6, 2024
Dara Mohsenian Morgan Stanley	Morgan Stanley	Buy Maintains $63 → $68	Buy	Maintains	$63 → $68	+27.96%	Feb 29, 2024
Nik Modi RBC Capital	RBC Capital	Buy Maintains $60 → $65	Buy	Maintains	$60 → $65	+22.32%	Feb 29, 2024
Andrew Strelzik BMO Capital	BMO Capital	Hold Maintains $57 → $58	Hold	Maintains	$57 → $58	+9.15%	Jan 17, 2024
Peter Grom UBS	UBS	Hold Maintains $57 → $62	Hold	Maintains	$57 → $62	+16.67%	Jan 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

8.13B

from 7.14B

13.81%

from 7.14B

Revenue Next Year

8.94B

from 8.13B

10.02%

from 8.13B

EPS This Year

1.86

from 1.54

20.73%

from 1.54

EPS Next Year

2.11

from 1.86

13.50%

from 1.86

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	4.20B	4.60B	5.54B	6.31B	7.14B	8.13B	8.94B	9.87B	10.55B	11.28B
Revenue Growth	10.34%	9.47%	20.50%	13.89%	13.14%	13.81%	10.02%	10.43%	6.82%	7.01%
EPS	1.02	1.32	1.29	1.12	1.54	1.86	2.11	2.37	2.73	3.03
EPS Growth	15.34%	30.05%	-2.27%	-13.18%	37.50%	20.73%	13.50%	12.19%	15.25%	11.03%
No. Analysts	-	-	-	-	-	27	26	13	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	8.6B	9.6B	10.7B	11.0B	11.9B
Avg	8.1B	8.9B	9.9B	10.5B	11.3B
Low	7.6B	8.2B	9.0B	10.0B	10.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	19.9%	18.3%	19.8%	11.8%	12.4%
Avg	13.8%	10.0%	10.4%	6.8%	7.0%
Low	6.2%	0.4%	0.4%	0.9%	0.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.99	2.31	2.66	2.92	3.30
Avg	1.86	2.11	2.37	2.73	3.03
Low	1.70	1.87	2.06	2.52	2.74

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	29.5%	24.2%	25.9%	23.3%	20.8%
Avg	20.7%	13.5%	12.2%	15.3%	11.0%
Low	10.1%	0.7%	-2.5%	6.4%	0.6%

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.