Monster Beverage (MNST) Stock Forecast, Price Target & Predictions
MNST Stock Forecast
Monster Beverage stock forecast is as follows: an average price target of $41.56 (represents a -23.01% downside from MNST’s last price of $53.98) 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 $41.56 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 -23.01% downside from MNST's last price of $53.98.
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 |
|---|---|---|---|---|---|---|
| Nov 01, 2024 | Steve Powers | Deutsche Bank | - | - | 16.63% | 13.00% |
| Aug 08, 2024 | Bonnie Herzog | Goldman Sachs | - | - | 39.21% | 16.71% |
| Aug 08, 2024 | Andrew Strelzik | BMO Capital | - | - | 19.14% | 0.04% |
| Aug 08, 2024 | Michael Lavery | Piper Sandler | - | - | 4.07% | -14.78% |
| Aug 08, 2024 | Kaumil Gajrawala | Jefferies | - | - | 18.74% | 11.15% |
| Jul 01, 2024 | Nik Modi | RBC Capital | - | - | 28.13% | 18.56% |
| Jun 24, 2024 | Kevin Grundy | BNP Paribas | - | - | -2.22% | -11.08% |
| Jun 14, 2024 | Nik Modi | RBC Capital | - | - | 33.98% | 20.41% |
| Jun 14, 2024 | Bonnie Herzog | Goldman Sachs | - | - | 35.47% | 22.27% |
| Jun 14, 2024 | Steve Powers | Deutsche Bank | - | - | 29.31% | 16.71% |
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 13.00% increase from MNST last price ($53.98).
Monster Beverage Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 15 |
| Avg Price Target | $61.00 | $61.00 | $57.87 |
| Last Closing Price | $53.98 | $53.98 | $53.98 |
| Upside/Downside | 13.00% | 13.00% | 7.21% |
In the current month, the average price target of Monster Beverage stock is $61.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 13.00% increase as opposed to Monster Beverage's last price of $53.98. This month's average price target is down 0.00% compared to last quarter, and up 5.41% 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 | Jun 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 | $1.66B | $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 | $2.16B | $1.93B | $2.05B | $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 | $2.34B | $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 | $2.21B | $2.04B | $2.15B | $2.17B | $2.09B | $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 |
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 6 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 6 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 |
| 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 | $652.96M | $688.63M | $693.48M | $667.68M | $597.74M | $633.17M | $636.14M | $617.18M | $556.10M | $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 | $738.69M | $800.68M | $803.84M | $735.70M | $680.86M | $718.06M | $723.11M | $696.21M | $623.28M | $660.22M | $663.32M | $638.89M | $580.81M | $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 | $685.60M | $743.13M | $746.06M | $682.82M | $631.92M | $666.44M | $671.13M | $646.16M | $578.48M | $612.77M | $615.64M | $595.47M | $540.65M | $588.17M | $622.62M | $440.26M | $527.90M | $577.44M | $560.64M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 6 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 |
| 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 | - | - | - | - | $504.23M | $521.03M | $539.87M | $523.53M | $440.26M | $455.98M | $470.00M | $458.31M | $393.26M | $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 | - | - | - | - | $532.24M | $549.98M | $569.86M | $552.61M | $464.72M | $481.30M | $496.11M | $478.24M | $432.59M | $420.20M | $444.88M | $469.20M | $426.42M | $391.80M | $408.68M | $426.55M | $431.09M | $306.28M | $362.18M | $387.77M | $314.26M | $346.63M | $350.75M | $390.63M | $294.13M | $327.87M |
| Low Forecast | - | - | - | - | $483.11M | $499.21M | $517.26M | $501.59M | $421.82M | $436.87M | $450.31M | $428.43M | $373.60M | $417.03M | $444.55M | $312.80M | $348.89M | $390.84M | $370.96M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 6 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $685.50M | $5.50M | - | - | $608.90M | - | - | - | - | - |
| Avg Forecast | $336.71M | $364.97M | $366.41M | $335.35M | $310.35M | $327.30M | $329.61M | $317.34M | $284.10M | $300.94M | $302.35M | $293.34M | $264.31M | $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 | $323.61M | $341.29M | $343.69M | $330.90M | $296.24M | $313.80M | $315.27M | $303.66M | $276.06M | $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 | $325.86M | $353.21M | $354.60M | $324.54M | $300.35M | $316.76M | $318.98M | $307.12M | $274.95M | $291.24M | $292.61M | $283.03M | $256.97M | $279.56M | $295.93M | $279.47M | $250.91M | $274.46M | $266.47M | $241.49M | $227.99M | $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 $241.49M 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 10 | 11 | 5 | 6 | 6 | 13 | 6 | 6 | 6 | 5 | 5 | 5 | 11 | 12 | 11 | 10 | 9 | 9 | 9 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CELH | Celsius | - | - | 124.20% | Buy |
| KOF | Coca-Cola FEMSA | - | - | 69.31% | Buy |
| KDP | Keurig Dr Pepper | - | - | 21.81% | Buy |
| KO | Coca-Cola Company | - | - | 14.85% | Buy |
| PEP | PepsiCo | - | - | 14.76% | Buy |
| FIZZ | National Beverage | - | - | -5.30% | Hold |
| CCEP | Coca-Cola Europacific Partners | - | - | -7.07% | Buy |
| PRMW | Primo Water | - | - | -7.77% | Buy |
| COCO | Vita Coco Company | - | - | -14.00% | Buy |
| MNST | Monster Beverage | - | - | -23.01% | Buy |