Piper Sandler Raises Celsius (CELH) Price Target, Maintains Overweight Rating

On June 4, Piper Sandler analyst Michael Lavery has raised the firm’s price target on Celsius Holdings, Inc. (NASDAQ:CELH) to $45 from $44, reaffirming an Overweight rating. The modest increase reflects a constructive view of the company’s fundamentals and growth potential in the competitive functional beverage space.

A shelf filled with a variety of bottles of energy drinks, juices, and sodas in a convenience store.

Celsius Holdings, Inc. (NASDAQ:CELH) has gained traction among health-conscious consumers, fueled by strong brand recognition and growing retail penetration. The company’s unique positioning—offering energy drinks marketed with fitness and wellness appeal—continues to differentiate it in a saturated market. Piper Sandler sees this brand loyalty as a meaningful asset in an industry often dominated by larger players.

Lavery noted that recent category momentum and consistent retail performance support a favorable short-term trajectory. The analyst also highlighted operational improvements, including enhanced distribution capabilities and new shelf placements, as factors that could contribute to sustained volume growth. While the price target adjustment is marginal, it signals confidence in Celsius’ ability to maintain upward momentum. With consumer preferences shifting toward better-for-you alternatives, Piper Sandler anticipates Celsius will remain a key beneficiary of this evolving demand landscape.

Though valuation remains a consideration, the Overweight rating underscores expectations for earnings expansion and continued market share gains. The firm believes Celsius is well-positioned to capitalize on industry trends while executing on its strategy to scale both domestically and in select international markets.

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Disclosure: None.