Bank of America Upgrades Celsius Holdings to 'Buy' with $65 Price Target

Bank of America analysts have issued a rare double upgrade for Celsius Holdings (CELH), raising the stock's rating from 'Underperform' to 'Buy'. The financial institution also significantly increased its price objective to $65 from the previous $45, suggesting substantial upside potential from current trading levels of approximately $53. This optimistic shift follows the company's robust fourth-quarter financial results and encouraging growth trends presented at the recent CAGNY conference. Analysts highlighted the beverage maker's strong operational momentum and expanding market presence as key drivers for the revision. The move reflects growing confidence in the company's ability to maintain its aggressive growth trajectory within the competitive energy drink sector. This upgrade is expected to generate significant buying interest as it marks a major reversal in the bank's stance on the equity.