10 Best Mid-Cap Stocks That Could Double Your Money

7. Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings Inc. (NASDAQ:CELH) is one of the 10 best mid-cap stocks that could double your money.

On June 12, Bernstein began its coverage of Celsius Holdings Inc. (NASDAQ:CELH) with a price target of $44. An Outperform rating was assigned on the stock, which offers almost 55% upside based on the projected price target.

The firm made a notable mention of Alani Nu, which has the highest potential among the company’s brands. Bernstein also mentioned that potential worries about a drop in market share for the Celsius brand appear to be highly exaggerated.

As long as Alani keeps gaining market share, the firm thinks the portfolio can maintain its position in the United States. Bernstein argues that this will occur due to Alani’s exceptional brand equity, which is backed by the findings of their consumer survey.

Back on May 19, Jefferies maintained its Buy rating and a $71 price target on Celsius Holdings Inc. (NASDAQ:CELH), after analyst Kaumil Gajrawala held meetings with top company executives, including the Chief Executive Officer John Fieldly, Chief of Staff Toby David, and Chief Financial Officer Jarrod Langhans.

Gajrawala stated that recent business concerns appear to be linked with timing rather than being structural in nature, which makes them highly exaggerated. He noted that the company’s core brand, Alani, is now heading towards a new phase. He also acknowledged how the market seems to be underappreciating the brand, despite its strong momentum. He views the recent share price drop as a favorable buying opportunity for investors.

Celsius Holdings Inc. (NASDAQ:CELH) manufactures and distributes functional energy drinks, including hydration sticks, CELSIUS ESSENTIALS, and CELSIUS Hydration. It also offers nutrition and wellness products, and ready-to-drink energy beverages under Alani Nu, Rockstar, and CELSIUS brand names. It distributes its products through drug stores, food service locations, retail stores, distributors, and e-commerce platforms.