Celsius Holdings Inc. (CELH) is a ‘Buy’ on Market Share and Margins Growth: Goldman Sachs

Celsius Holdings Inc. (NASDAQ:CELH) is one of the best FMCG stocks to invest in. On September 11, Goldman Sachs initiated coverage of the stock with a ‘Buy’ rating and a $72 price target. The investment bank remains confident about the company’s ability to expand its market share and margins in the energy drink category.

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Goldman Sachs has also touted the company as one of the best growth stocks in the consumer packaged goods segment. The company has made significant strides and gains in the energy drink market, whereby its market share stands at 17%. The investment bank expects the company’s market share to reach 20% by 2026.

“We see a long runway of volume-led double-digit topline growth and margin expansion,” GS analysts said.

Some of the key drivers expected to strengthen Celsius Holdings’ market share include aggressive international expansion. International operations currently account for just 3% of sales, affirming the significant room for growth.

Celsius Holdings, Inc. (NASDAQ:CELH) is a beverage company that develops, manufactures, markets, and sells functional energy drinks, including the leading CELSIUS brand and its various lines, such as CELSIUS On-the-Go and CELSIUS Hydration. The drinks are formulated with ingredients like green tea, ginger, B vitamins, and caffeine.

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Disclosure: None. This article is originally published at Insider Monkey.