Morgan Stanley Raises Its Price Target on Monster Beverage (MNST) As the outdoor industry faces its own set of challenges, including supply chain disruptions and shifting consumer preferences, it's hard not to draw parallels between the financial world and our own.
The recent price target hike by Morgan Stanley on Monster Beverage Corporation (NASDAQ:MNST) raises questions about what this means for companies that rely heavily on international markets.
The firm's decision to raise its price target from $96 to $100 is based on Monster's strong Q1 and April results, which saw the company report non GAAP EPS of 58 cents, surpassing consensus estimates by a significant margin.