Feb. 24 at 9:55 PM
$CELH Needham “ Q4 expectations appear "far more reasonable" relative to Q3, and share weakness over the part month suggests some de-risking into the quarterly print”, estimates Q4 revenue of
$660 million, compared with Wall Street view of
$639 million, and that the company's revenue is expected to drive the stock reaction.
The firm maintained its buy rating on Celsius with a
$70 price target.
