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Monster Beverage (MNST) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

MNST Stock Forecast

Monster Beverage stock forecast is as follows: an average price target of $56.57 (represents a 9.38% upside from MNST’s last price of $51.72) 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 $56.57 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 $46.00. This represents a potential 9.38% upside from MNST's last price of $51.72.

MNST Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 01, 2024Steve PowersDeutsche Bank$61.00$52.3016.63%17.94%
Aug 08, 2024Bonnie HerzogGoldman Sachs$63.00$45.2639.21%21.81%
Aug 08, 2024Andrew StrelzikBMO Capital$54.00$45.3319.14%4.41%
Aug 08, 2024Michael LaveryPiper Sandler$46.00$44.204.07%-11.06%
Aug 08, 2024Kaumil GajrawalaJefferies$60.00$50.5318.74%16.01%
Jul 01, 2024Nik ModiRBC Capital$64.00$49.9528.13%23.74%
Jun 24, 2024Kevin GrundyBNP Paribas$48.00$49.09-2.22%-7.19%
Jun 14, 2024Nik ModiRBC Capital$65.00$48.5233.98%25.68%
Jun 14, 2024Bonnie HerzogGoldman Sachs$66.00$48.7235.47%27.61%
Jun 14, 2024Steve PowersDeutsche Bank$63.00$48.7229.31%21.81%
Jun 13, 2024Kaumil GajrawalaJefferies$61.00$49.7722.56%17.94%
Jun 12, 2024Sean McGowanRoth Capital$56.00$51.169.46%8.28%
May 03, 2024Andrew StrelzikBMO Capital$56.00$54.872.07%8.28%
May 03, 2024Michael LaveryPiper Sandler$59.00$54.528.21%14.08%
Apr 25, 2024Bill ChappellTruist Financial$46.00$54.33-15.33%-11.06%
Oct 24, 2023Michael LaveryPiper Sandler$50.00$50.30-0.59%-3.33%
Oct 10, 2022Gerald PascarelliWedbush$23.75$22.754.37%-54.08%
Aug 24, 2022Peter GromUBS$24.75$22.549.80%-52.15%
Jul 13, 2022Sean McGowanRoth Capital$25.00$24.352.66%-51.66%
Jun 23, 2022Mark AstrachanStifel Nicolaus$26.25$22.9514.35%-49.25%
Jun 18, 2022Dara MohsenianMorgan Stanley$29.25$22.0332.77%-43.45%
Jun 14, 2022Nik ModiRBC Capital$25.00$22.0013.66%-51.66%
May 18, 2022Callum ElliottBernstein$27.50$22.3123.28%-46.83%
Mar 13, 2022Mark AstrachanStifel Nicolaus$25.75$18.3040.67%-50.21%
Feb 25, 2022Wendy NicholsonCitigroup$24.50$21.1415.88%-52.63%
Feb 18, 2022Kaumil GajrawalaCredit Suisse$27.50$20.3235.35%-46.83%
Feb 16, 2022Chris CareyWells Fargo$25.00$20.8120.16%-51.66%
Jan 04, 2022Bonnie HerzogGoldman Sachs$27.25$24.4311.52%-47.31%
Nov 05, 2021Dara MohsenianMorgan Stanley$27.75$22.9121.14%-46.35%
Oct 13, 2021Kevin GrundyJefferies$23.00$21.337.82%-55.53%
May 07, 2021Bill ChappellTruist Financial$28.75$22.8126.03%-44.41%

The latest Monster Beverage stock forecast, released on Nov 01, 2024 by Steve Powers from Deutsche Bank, set a price target of $61.00, which represents a 16.63% increase from the stock price at the time of the forecast ($52.30), and a 17.94% increase from MNST last price ($51.72).

Monster Beverage Price Target by Period

1M3M12M
# Anlaysts-115
Avg Price Target-$61.00$57.87
Last Closing Price$51.72$51.72$51.72
Upside/Downside-100.00%17.94%11.89%

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 $51.72. 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

DateCompanyPrevious RatingNew RatingRating Change
Aug 08, 2024Goldman SachsBuyBuyHold
Aug 08, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 08, 2024Piper SandlerNeutralNeutralHold
Aug 08, 2024Wells FargoOverweightOverweightHold
Aug 08, 2024JefferiesBuyBuyHold
Jul 10, 2024CitigroupBuyBuyHold
Jun 24, 2024Exane BNP ParibasUnderperformInitialise
Jun 14, 2024Piper SandlerOverweightOverweightHold
Jun 14, 2024RBC CapitalOutperformOutperformHold
Jun 14, 2024Goldman SachsBuyBuyHold
Jun 14, 2024Deutsche BankBuyBuyHold
Jun 13, 2024JefferiesBuyBuyHold
May 03, 2024BMO CapitalMarket PerformMarket PerformHold
May 03, 2024Piper SandlerNeutralNeutralHold
Oct 24, 2023Piper SandlerOverweightNeutralDowngrade
Oct 05, 2023CFRABuyUpgrade
Aug 07, 2023Piper SandlerOverweightUpgrade
Mar 30, 2023WedbushNeutralNeutralHold
Oct 10, 2022WedbushNeutralInitialise
Aug 24, 2022UBSNeutralNeutralHold
Jun 14, 2022Credit SuisseOutperformOutperformHold
Jun 14, 2022RBC CapitalOutperformOutperformHold
Jun 06, 2022Morgan StanleyOverweightOverweightHold
May 18, 2022BernsteinOutperformMarket PerformUpgrade
May 18, 2022BernsteinOutperformUpgrade
Mar 03, 2022UBSNeutralNeutralHold
Feb 25, 2022CitigroupBuyBuyHold
Feb 18, 2022Credit SuisseOutperformOutperformHold
Feb 16, 2022Wells FargoOverweightOverweightHold

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$1.86B$1.85B$1.70B$1.51B$1.62B$1.66B$1.52B$1.43B$1.41B$1.46B$1.24B$1.20B$1.25B
Avg Forecast$2.29B$2.48B$2.49B$2.28B$2.11B$2.22B$2.24B$2.15B$1.93B$2.04B$2.05B$1.99B$1.80B$1.91B$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$2.39B$2.59B$2.60B$2.38B$2.20B$2.32B$2.33B$2.25B$2.01B$2.13B$2.14B$2.06B$1.88B$1.91B$2.01B$1.90B$1.82B$1.87B$1.95B$1.77B$1.67B$1.65B$1.61B$1.43B$1.33B$1.39B$1.39B$1.22B$1.13B$1.23B
Low Forecast$2.21B$2.40B$2.41B$2.20B$2.04B$2.15B$2.16B$2.08B$1.87B$1.98B$1.99B$1.92B$1.75B$1.90B$2.01B$1.90B$1.71B$1.87B$1.81B$1.64B$1.55B$1.65B$1.61B$1.43B$1.33B$1.39B$1.39B$1.22B$1.13B$1.23B
# Analysts9999999988810126661366655511121110999
Surprise %-----------------0.99%0.99%1.00%0.94%0.98%1.03%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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts9999999988810126661366655511121110999
EBITDA-----------------$510.53M$523.80M$485.06M$394.35M$417.93M$372.95M$399.49M$422.32M$457.69M$539.69M$427.92M$417.39M$472.42M
Avg Forecast$708.42M$767.87M$770.90M$705.56M$651.99M$688.03M$692.94M$666.94M$597.61M$632.80M$635.60M$616.80M$555.73M$590.05M$622.62M$550.33M$543.43M$577.46M$579.30M$500.30M$479.02M$511.70M$498.71M$454.82M$411.51M$431.75M$430.86M$441.17M$350.23M$379.68M
High Forecast$738.70M$800.68M$803.85M$735.71M$679.85M$717.43M$722.55M$695.43M$623.15M$659.84M$662.76M$638.49M$580.43M$591.92M$622.62M$660.40M$562.06M$577.49M$604.06M$600.36M$574.83M$511.70M$498.71M$545.78M$411.51M$431.75M$430.86M$529.40M$350.23M$379.68M
Low Forecast$684.97M$742.45M$745.38M$682.20M$630.40M$665.25M$670.00M$644.86M$577.83M$611.85M$614.56M$595.10M$540.30M$588.17M$622.62M$440.26M$527.90M$577.44M$560.13M$400.24M$383.22M$511.70M$498.71M$363.85M$411.51M$431.75M$430.86M$352.94M$350.23M$379.68M
Surprise %-----------------0.88%0.90%0.97%0.82%0.82%0.75%0.88%1.03%1.06%1.25%0.97%1.19%1.24%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts9999999988810126661366655511121110999
Net Income-----------------$452.69M$413.87M$397.44M$301.67M$322.39M$273.36M$294.20M$321.31M$337.20M$403.76M$315.19M$471.74M$347.65M
Avg Forecast----$503.55M$520.59M$539.48M$522.98M$440.27M$455.87M$468.74M$458.05M$395.30M$418.61M$444.72M$391.00M$377.96M$391.32M$387.18M$355.46M$359.24M$306.28M$362.18M$323.14M$314.26M$346.63M$350.75M$325.53M$294.13M$327.87M
High Forecast----$531.52M$549.50M$569.44M$552.03M$464.74M$481.19M$494.77M$477.97M$434.84M$420.20M$444.88M$469.20M$426.42M$391.80M$408.69M$426.55M$431.09M$306.28M$362.18M$387.77M$314.26M$346.63M$350.75M$390.63M$294.13M$327.87M
Low Forecast----$481.88M$498.18M$516.25M$500.47M$421.33M$436.24M$448.56M$428.18M$375.54M$417.03M$444.55M$312.80M$348.89M$390.84M$370.52M$284.36M$287.39M$306.28M$362.18M$258.51M$314.26M$346.63M$350.75M$260.42M$294.13M$327.87M
Surprise %-----------------1.16%1.07%1.12%0.84%1.05%0.75%0.91%1.02%0.97%1.15%0.97%1.60%1.06%

Monster Beverage's average Quarter net income forecast for Dec 23 is $377.96M, with a range of $348.89M to $426.42M. MNST's average Quarter net income forecast represents a -16.51% decrease compared to the company's last Quarter net income of $452.69M (Sep 23).

Monster Beverage SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts9999999988810126661366655511121110999
SG&A--------------------$685.50M$5.50M--$608.90M-----
Avg Forecast$336.71M$364.97M$366.41M$335.35M$309.89M$327.02M$329.35M$316.99M$284.04M$300.77M$302.10M$293.16M$264.14M$280.45M$295.93M$279.47M$258.29M$274.47M$275.34M$249.53M$235.58M$364.88M$355.61M$315.20M$293.43M$307.86M$307.23M$269.85M$249.74M$270.74M
High Forecast$351.10M$380.56M$382.06M$349.68M$323.13M$340.99M$343.43M$330.54M$296.18M$313.62M$315.01M$303.47M$275.88M$281.33M$295.93M$279.47M$267.14M$274.48M$287.11M$260.19M$245.64M$364.88M$355.61M$315.20M$293.43M$307.86M$307.23M$269.85M$249.74M$270.74M
Low Forecast$325.56M$352.88M$354.28M$324.24M$299.63M$316.19M$318.45M$306.50M$274.64M$290.81M$292.10M$282.85M$256.80M$279.56M$295.93M$279.47M$250.91M$274.46M$266.23M$241.27M$227.78M$364.88M$355.61M$315.20M$293.43M$307.86M$307.23M$269.85M$249.74M$270.74M
Surprise %--------------------2.91%0.02%--2.08%-----

Monster Beverage's average Quarter SG&A projection for Mar 23 is $249.53M, based on 6 Wall Street analysts, with a range of $241.27M to $260.19M. The forecast indicates a -63.60% fall compared to MNST last annual SG&A of $685.50M (Dec 22).

Monster Beverage EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts9999999988810126661366655511121110999
EPS-----------------$0.43$0.40$0.38$0.29$0.31$0.26$0.28$0.30$0.32$0.38$0.30$0.45$0.33
Avg Forecast----$0.51$0.53$0.55$0.53$0.45$0.46$0.48$0.47$0.40$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----$0.54$0.56$0.58$0.56$0.47$0.49$0.50$0.49$0.44$0.43$0.45$0.43$0.43$0.40$0.42$0.35$0.33$0.30$0.35$0.30$0.30$0.33$0.34$0.31$0.28$0.32
Low Forecast----$0.49$0.51$0.53$0.51$0.43$0.44$0.46$0.44$0.38$0.42$0.45$0.43$0.35$0.40$0.38$0.32$0.30$0.30$0.35$0.30$0.30$0.33$0.34$0.31$0.28$0.32
Surprise %-----------------1.08%1.02%1.14%0.93%1.05%0.74%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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CELHCelsius$29.24$48.4065.53%Buy
KOFCoca-Cola FEMSA$81.69$111.9036.98%Buy
KDPKeurig Dr Pepper$33.04$40.7523.34%Buy
PEPPepsiCo$156.14$183.6717.63%Buy
KOCoca-Cola Company$63.40$73.7516.32%Buy
CCEPCoca-Cola Europacific Partners$77.55$85.209.86%Buy
MNSTMonster Beverage$51.95$56.578.89%Buy
FIZZNational Beverage$46.52$45.00-3.27%Hold
COCOVita Coco Company$36.19$33.00-8.81%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 $56.57 with a range of $46 to $64, implying a 9.38% from its last price of $51.72. 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 up by 9.38% (from the last price of $51.72 to the average price target of $56.57), up by 23.74% based on the highest stock price target, and down by -11.06% based on the lowest stock price target.

Can Monster Beverage stock reach $80?

MNST's average twelve months analyst stock price target of $56.57 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 $8.72B (high $9.09B, low $8.43B), average EBITDA is $2.7B (high $2.82B, low $2.61B), average net income is $2.09B (high $2.2B, low $2B), average SG&A $1.28B (high $1.34B, low $1.24B), and average EPS is $2.12 (high $2.24, low $2.03). MNST's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $9.54B (high $9.95B, low $9.22B), average EBITDA is $2.95B (high $3.08B, low $2.86B), average net income is $0 (high $0, low $0), average SG&A $1.4B (high $1.46B, low $1.36B), 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 $1.94B by -18.49%. The company's net income was $1.19B, missing the average estimation of $1.35B by -11.79%. Apple's SG&A was $709.9M, missing the average forecast of $1.27B by -44.16%. 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 $391.32M by 15.68%. The company's SG&A was $0, missing the average forecast of $274.47M by -100.00%. Lastly, the company's EPS was $0.43, beating the average prediction of $0.398 by 8.03%