Monster Beverage (MNST) Stock Forecast, Price Target & Predictions
MNST Stock Forecast
Monster Beverage stock forecast is as follows: an average price target of $41.68 (represents a -18.00% downside from MNST’s last price of $50.83) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
MNST Price Target
The average price target for Monster Beverage (MNST) is $41.68 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $64.00 to $23.75. This represents a potential -18.00% downside from MNST's last price of $50.83.
MNST Analyst Ratings
According to 14 Wall Street analysts, Monster Beverage's rating consensus is 'Buy'. The analyst rating breakdown for MNST stock is 0 'Strong Buy' (0.00%), 9 'Buy' (64.29%), 5 'Hold' (35.71%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Monster Beverage Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Bonnie Herzog | Goldman Sachs | $63.00 | $45.26 | 39.21% | 23.94% |
| Aug 08, 2024 | Andrew Strelzik | BMO Capital | $54.00 | $45.33 | 19.14% | 6.24% |
| Aug 08, 2024 | Michael Lavery | Piper Sandler | $46.00 | $44.20 | 4.07% | -9.50% |
| Aug 08, 2024 | Kaumil Gajrawala | Jefferies | $60.00 | $50.53 | 18.74% | 18.04% |
| Jul 01, 2024 | Nik Modi | RBC Capital | $64.00 | $49.95 | 28.13% | 25.91% |
| Jun 24, 2024 | Kevin Grundy | BNP Paribas | $48.00 | $49.09 | -2.22% | -5.57% |
| Jun 14, 2024 | Nik Modi | RBC Capital | $65.00 | $48.52 | 33.98% | 27.88% |
| Jun 14, 2024 | Bonnie Herzog | Goldman Sachs | $66.00 | $48.72 | 35.47% | 29.84% |
| Jun 14, 2024 | Steve Powers | Deutsche Bank | $63.00 | $48.72 | 29.31% | 23.94% |
| Jun 13, 2024 | Kaumil Gajrawala | Jefferies | $61.00 | $49.77 | 22.56% | 20.01% |
The latest Monster Beverage stock forecast, released on Aug 08, 2024 by Bonnie Herzog from Goldman Sachs, set a price target of $63.00, which represents a 39.21% increase from the stock price at the time of the forecast ($45.26), and a 23.94% increase from MNST last price ($50.83).
Monster Beverage Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 6 | 15 |
| Avg Price Target | - | $55.83 | $57.13 |
| Last Closing Price | $50.83 | $50.83 | $50.83 |
| Upside/Downside | -100.00% | 9.84% | 12.39% |
In the current month, the average price target of Monster Beverage stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Monster Beverage's last price of $50.83. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 08, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 08, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Aug 08, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 08, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 10, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 24, 2024 | Exane BNP Paribas | - | Underperform | Initialise |
| Jun 14, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 14, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 14, 2024 | Goldman Sachs | Buy | Buy | Hold |
Monster Beverage's last stock rating was published by Goldman Sachs on Aug 08, 2024. The company gave MNST a "Buy" rating, the same as its previous rate.
Monster Beverage Financial Forecast
Monster Beverage Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.86B | $1.85B | $1.70B | $1.51B | $1.62B | - | $1.52B | $1.43B | $1.41B | $1.46B | $1.24B | $1.20B | $1.25B |
| Avg Forecast | $2.29B | $2.48B | $2.49B | $2.28B | $2.17B | $2.34B | $2.30B | $2.21B | $1.96B | $2.10B | $2.08B | $2.02B | $1.82B | $1.92B | $2.01B | $1.90B | $1.76B | $1.87B | $1.87B | $1.70B | $1.60B | $1.65B | $1.61B | $1.43B | $1.33B | $1.39B | $1.39B | $1.22B | $1.13B | $1.23B |
| High Forecast | $2.36B | $2.56B | $2.57B | $2.35B | $2.25B | $2.41B | $2.37B | $2.28B | $2.02B | $2.17B | $2.15B | $2.08B | $1.88B | $1.98B | $2.08B | $1.96B | $1.82B | $1.93B | $1.93B | $1.75B | $1.65B | $1.71B | $1.61B | $1.48B | $1.38B | $1.45B | $1.44B | $1.27B | $1.17B | $1.27B |
| Low Forecast | $2.18B | $2.36B | $2.37B | $2.17B | $2.07B | $2.22B | $2.19B | $2.10B | $1.86B | $2.00B | $1.98B | $1.92B | $1.73B | $1.87B | $1.91B | $1.81B | $1.71B | $1.77B | $1.78B | $1.61B | $1.52B | $1.57B | $1.61B | $1.36B | $1.27B | $1.33B | $1.33B | $1.17B | $1.08B | $1.17B |
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 7 | 12 | 7 | 6 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.00% | 0.94% | 0.98% | - | 1.06% | 1.07% | 1.01% | 1.05% | 1.02% | 1.06% | 1.02% |
Monster Beverage's average Quarter revenue forecast for Dec 23 based on 13 analysts is $1.76B, with a low forecast of $1.71B, and a high forecast of $1.82B. MNST's average Quarter revenue forecast represents a -5.42% decrease compared to the company's last Quarter revenue of $1.86B (Sep 23).
Monster Beverage EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 7 | 12 | 7 | 6 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $510.53M | $523.80M | $485.06M | $394.35M | $417.93M | - | $399.49M | $422.32M | $457.69M | $539.69M | $427.92M | $417.39M | $472.42M |
| Avg Forecast | $708.42M | $767.87M | $770.90M | $705.56M | $673.22M | $723.27M | $711.37M | $682.93M | $606.37M | $650.70M | $643.35M | $624.59M | $562.21M | $593.79M | $622.62M | $550.33M | $543.43M | $577.46M | $579.30M | $500.30M | $495.64M | $516.35M | $498.71M | $454.82M | $435.47M | $469.41M | $476.01M | $441.17M | $415.89M | $453.00M |
| High Forecast | $731.64M | $793.04M | $796.17M | $728.68M | $695.29M | $746.98M | $734.69M | $705.31M | $626.24M | $672.03M | $664.44M | $645.06M | $580.64M | $612.34M | $643.02M | $660.40M | $562.06M | $596.39M | $598.29M | $600.36M | $511.89M | $619.63M | $498.71M | $545.78M | $522.57M | $563.30M | $571.22M | $529.40M | $499.07M | $543.60M |
| Low Forecast | $674.08M | $730.64M | $733.53M | $671.35M | $640.58M | $688.21M | $676.88M | $649.82M | $576.97M | $619.15M | $612.16M | $594.30M | $534.95M | $578.32M | $592.43M | $440.26M | $527.90M | $549.47M | $551.22M | $400.24M | $471.61M | $413.08M | $498.71M | $363.85M | $348.38M | $375.53M | $380.81M | $352.94M | $332.71M | $362.40M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.90% | 0.97% | 0.80% | 0.81% | - | 0.88% | 0.97% | 0.98% | 1.13% | 0.97% | 1.00% | 1.04% |
13 analysts predict MNST's average Quarter EBITDA for Dec 23 to be $543.43M, with a high of $562.06M and a low of $527.90M. This is 6.44% upper than Monster Beverage's previous annual EBITDA (Sep 23) of $510.53M.
Monster Beverage Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 7 | 12 | 7 | 6 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $452.69M | $413.87M | $397.44M | $301.67M | $322.39M | - | $294.20M | $321.31M | $337.20M | $403.76M | $315.19M | $471.74M | $347.65M |
| Avg Forecast | - | - | - | - | $550.66M | $594.53M | $579.23M | $552.86M | $475.40M | $508.52M | $503.70M | $492.79M | $427.24M | $445.52M | $469.24M | $391.00M | $398.80M | $412.90M | $408.53M | $355.46M | $324.66M | $382.34M | $367.03M | $323.14M | $326.58M | $347.58M | $355.55M | $325.53M | $471.74M | $336.62M |
| High Forecast | - | - | - | - | $574.13M | $619.86M | $603.91M | $576.42M | $495.66M | $530.19M | $525.16M | $513.78M | $445.45M | $455.89M | $489.23M | $469.20M | $449.93M | $430.49M | $425.94M | $426.55M | $338.49M | $458.81M | $367.03M | $387.77M | $391.90M | $417.10M | $426.66M | $390.63M | $566.08M | $403.94M |
| Low Forecast | - | - | - | - | $515.95M | $557.06M | $542.73M | $518.01M | $445.43M | $476.47M | $471.96M | $461.73M | $400.31M | $414.44M | $439.66M | $312.80M | $368.12M | $386.87M | $382.78M | $284.36M | $304.19M | $305.87M | $367.03M | $258.51M | $261.27M | $278.06M | $284.44M | $260.42M | $377.39M | $269.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.01% | 1.12% | 0.93% | 0.84% | - | 0.91% | 0.98% | 0.97% | 1.14% | 0.97% | 1.00% | 1.03% |
Monster Beverage's average Quarter net income forecast for Dec 23 is $398.80M, with a range of $368.12M to $449.93M. MNST's average Quarter net income forecast represents a -11.91% decrease compared to the company's last Quarter net income of $452.69M (Sep 23).
Monster Beverage SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 7 | 12 | 7 | 6 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $685.50M | $5.50M | - | - | $608.90M | - | - | - | - | - |
| Avg Forecast | $505.15M | $547.54M | $549.70M | $503.11M | $480.05M | $515.74M | $507.25M | $486.97M | $432.38M | $463.99M | $458.75M | $445.37M | $400.89M | $423.41M | $443.97M | $419.28M | $387.50M | $411.77M | $413.08M | $374.35M | $353.43M | $364.88M | $355.61M | $291.91M | $271.76M | $285.12M | $284.53M | $249.91M | $231.29M | $250.73M |
| High Forecast | $521.71M | $565.49M | $567.72M | $519.60M | $495.79M | $532.65M | $523.88M | $502.93M | $446.55M | $479.20M | $473.79M | $459.97M | $414.03M | $436.64M | $458.52M | $433.03M | $400.79M | $425.27M | $426.62M | $386.62M | $365.01M | $376.84M | $355.61M | $302.67M | $281.78M | $295.63M | $295.02M | $259.13M | $239.82M | $259.98M |
| Low Forecast | $480.66M | $521.00M | $523.05M | $478.71M | $456.78M | $490.74M | $482.66M | $463.36M | $411.42M | $441.50M | $436.51M | $423.78M | $381.45M | $412.38M | $422.44M | $398.95M | $376.43M | $391.80M | $393.05M | $356.20M | $336.29M | $347.19M | $355.61M | $278.97M | $259.71M | $272.48M | $271.92M | $238.83M | $221.04M | $239.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.94% | 0.02% | - | - | 2.24% | - | - | - | - | - |
Monster Beverage's average Quarter SG&A projection for Mar 23 is $374.35M, based on 6 Wall Street analysts, with a range of $356.20M to $386.62M. The forecast indicates a -45.39% fall compared to MNST last annual SG&A of $685.50M (Dec 22).
Monster Beverage EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 7 | 12 | 7 | 6 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.43 | $0.40 | $0.38 | $0.29 | $0.31 | - | $0.28 | $0.30 | $0.32 | $0.38 | $0.30 | $0.45 | $0.33 |
| Avg Forecast | - | - | - | - | $0.53 | $0.57 | $0.56 | $0.53 | $0.46 | $0.49 | $0.49 | $0.48 | $0.41 | $0.43 | $0.45 | $0.43 | $0.38 | $0.40 | $0.39 | $0.33 | $0.31 | $0.30 | $0.35 | $0.30 | $0.30 | $0.33 | $0.34 | $0.31 | $0.28 | $0.32 |
| High Forecast | - | - | - | - | $0.55 | $0.60 | $0.58 | $0.56 | $0.48 | $0.51 | $0.51 | $0.50 | $0.43 | $0.44 | $0.47 | $0.45 | $0.43 | $0.41 | $0.41 | $0.35 | $0.33 | $0.31 | $0.35 | $0.32 | $0.32 | $0.35 | $0.35 | $0.32 | $0.30 | $0.33 |
| Low Forecast | - | - | - | - | $0.50 | $0.54 | $0.52 | $0.50 | $0.43 | $0.46 | $0.45 | $0.45 | $0.39 | $0.40 | $0.42 | $0.41 | $0.35 | $0.37 | $0.37 | $0.31 | $0.29 | $0.28 | $0.35 | $0.29 | $0.29 | $0.31 | $0.32 | $0.29 | $0.27 | $0.30 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.02% | 1.14% | 0.93% | 1.05% | - | 0.92% | 0.99% | 0.96% | 1.12% | 0.98% | 1.59% | 1.04% |
According to 13 Wall Street analysts, Monster Beverage's projected average Quarter EPS for Dec 23 is $0.38, with a low estimate of $0.35 and a high estimate of $0.43. This represents a -10.60% decrease compared to MNST previous annual EPS of $0.43 (Sep 23).
Monster Beverage Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CELH | Celsius | $33.69 | $67.40 | 100.06% | Buy |
| KOF | Coca-Cola FEMSA | $87.37 | $130.93 | 49.86% | Buy |
| COCO | Vita Coco Company | $27.40 | $30.00 | 9.49% | Buy |
| PEP | PepsiCo | $177.36 | $184.33 | 3.93% | Buy |
| KO | Coca-Cola Company | $71.41 | $73.14 | 2.42% | Buy |
| KDP | Keurig Dr Pepper | $37.61 | $38.40 | 2.10% | Buy |
| FIZZ | National Beverage | $44.49 | $45.00 | 1.15% | Hold |
| PRMW | Primo Water | $23.99 | $22.33 | -6.92% | Buy |
| CCEP | Coca-Cola Europacific Partners | $81.54 | $70.70 | -13.29% | Buy |
| MNST | Monster Beverage | $50.83 | $41.68 | -18.00% | Buy |
MNST Forecast FAQ
Is Monster Beverage a good buy?
Yes, according to 14 Wall Street analysts, Monster Beverage (MNST) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 64.29% of MNST's total ratings.
What is MNST's price target?
Monster Beverage (MNST) average price target is $41.68 with a range of $23.75 to $64, implying a -18.00% from its last price of $50.83. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Monster Beverage stock go up soon?
According to Wall Street analysts' prediction for MNST stock, the company can go down by -18.00% (from the last price of $50.83 to the average price target of $41.68), up by 25.91% based on the highest stock price target, and down by -53.28% based on the lowest stock price target.
Can Monster Beverage stock reach $80?
MNST's average twelve months analyst stock price target of $41.68 does not support the claim that Monster Beverage can reach $80 in the near future.
What are Monster Beverage's analysts' financial forecasts?
Monster Beverage's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $9.02B (high $9.31B, low $8.58B), average EBITDA is $2.79B (high $2.88B, low $2.66B), average net income is $2.28B (high $2.37B, low $2.13B), average SG&A $1.99B (high $2.06B, low $1.89B), and average EPS is $2.2 (high $2.29, low $2.06). MNST's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.54B (high $9.85B, low $9.08B), average EBITDA is $2.95B (high $3.05B, low $2.81B), average net income is $0 (high $0, low $0), average SG&A $2.11B (high $2.17B, low $2B), and average EPS is $0 (high $0, low $0).
Did the MNST's actual financial results beat the analysts' financial forecasts?
Based on Monster Beverage's last annual report (Dec 2022), the company's revenue was $6.31B, beating the average analysts forecast of $6.29B by 0.29%. Apple's EBITDA was $1.58B, missing the average prediction of $1.97B by -19.37%. The company's net income was $1.19B, missing the average estimation of $1.4B by -14.71%. Apple's SG&A was $709.9M, missing the average forecast of $1.37B by -48.02%. Lastly, the company's EPS was $1.13, missing the average prediction of $1.26 by -10.42%. In terms of the last quarterly report (Sep 2023), Monster Beverage's revenue was $1.86B, missing the average analysts' forecast of $1.87B by -0.50%. The company's EBITDA was $510.53M, missing the average prediction of $577.46M by -11.59%. Monster Beverage's net income was $452.69M, beating the average estimation of $412.9M by 9.64%. The company's SG&A was $0, missing the average forecast of $411.77M by -100.00%. Lastly, the company's EPS was $0.43, beating the average prediction of $0.398 by 8.03%