Monster Beverage (MNST) Stock Forecast & Price Target

$54.33
+0.60 (+1.12%)
(As of 04/24/2024 ET)

Monster Beverage Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 20 Analyst Ratings

Analysts' Consensus Price Target

$61.79
13.73% Upside
High Forecast$69.00
Average Forecast$61.79
Low Forecast$46.00
TypeCurrent Forecast
4/26/23 to 4/25/24
1 Month Ago
3/27/23 to 3/26/24
3 Months Ago
1/26/23 to 1/26/24
1 Year Ago
4/26/22 to 4/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
15 Buy rating(s)
16 Buy rating(s)
13 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$61.79$62.55$61.73$55.97
Predicted Upside13.73% Upside11.30% Upside11.10% Upside12.55% Upside
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MNST Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MNST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Monster Beverage Stock vs. The Competition

TypeMonster BeverageConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.75
2.43
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside16.15% Upside678.60% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/25/2024JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$66.00 ➝ $59.00+8.60%
4/25/2024Truist Financial
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 DowngradeBuy ➝ Sell$65.00 ➝ $46.00-15.33%
3/6/2024HSBC
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 Lower TargetBuy ➝ Buy$72.00 ➝ $68.00+17.46%
3/6/2024Redburn Atlantic
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 Initiated CoverageBuy
2/29/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$63.00 ➝ $68.00+17.04%
2/29/2024UBS Group
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 Boost TargetNeutral$62.00 ➝ $63.00+8.43%
2/29/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$60.00 ➝ $65.00+16.38%
2/29/2024Jefferies Financial Group
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 Boost TargetBuy$66.00 ➝ $69.00+23.55%
2/26/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy$64.00 ➝ $63.00+13.21%
1/17/2024The Goldman Sachs Group
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 Boost TargetBuy$62.00 ➝ $68.00+16.90%
1/17/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$57.00 ➝ $58.00-0.29%
1/17/2024Citigroup
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 Boost TargetBuy$63.00 ➝ $69.00+18.62%
11/20/2023Roth Mkm
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 Lower TargetNeutral ➝ Neutral$57.00 ➝ $55.00+1.10%
11/20/2023Piper Sandler
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 Boost TargetNeutral ➝ Neutral$50.00 ➝ $58.00+6.62%
11/3/2023Wells Fargo & Company
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 Boost TargetOverweight$55.00 ➝ $60.00+7.51%
10/17/2023Bank of America
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 Lower TargetBuy ➝ Buy$63.00 ➝ $58.00+16.54%
10/5/2023Cfra
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 UpgradeHold ➝ Buy$60.00+17.03%
8/10/2023MKM Partners
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 Boost TargetNeutral ➝ Neutral$55.00 ➝ $57.00-2.08%
8/10/2023Evercore ISI
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 Reiterated RatingOutperform ➝ Outperform$65.00+13.02%
7/31/2023Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$63.00 ➝ $65.00+11.78%
5/2/2023VNET Group
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:09 AM ET.

MNST Price Target - Frequently Asked Questions

What is Monster Beverage's consensus rating and price target?

According to the issued ratings of 20 analysts in the last year, the consensus rating for Monster Beverage stock is Moderate Buy based on the current 5 hold ratings and 15 buy ratings for MNST. The average twelve-month price prediction for Monster Beverage is $63.11 with a high price target of $69.00 and a low price target of $55.00. Learn more on MNST's analyst rating history.

Do Wall Street analysts like Monster Beverage more than its competitors?

Analysts like Monster Beverage more than other Consumer Staples companies. The consensus rating for Monster Beverage is Moderate Buy while the average consensus rating for consumer staples companies is Hold. Learn more on how MNST compares to other companies.

Does Monster Beverage's stock price have much upside?

According to analysts, Monster Beverage's stock has a predicted upside of 11.90% based on their 12-month stock forecasts.

What analysts cover Monster Beverage?

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This page (NASDAQ:MNST) was last updated on 4/25/2024 by MarketBeat.com Staff

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