Truist Maintains Buy on Celsius (CELH) Despite Target Cut, After Stellar Earnings

Celsius Holdings, Inc. (NASDAQ:CELH) is one of the best high growth consumer stocks to buy now. On August 11, Truist analyst Bill Chappell maintained his Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), but slashed the price target from $65 to $55. The stock has galloped 45% since reporting quarterly results on August 7.

The energy drink company reported revenue of $739.26 million in Q2 2025, beating analysts’ estimates of $655.7 million, a 12.75% surprise. The 83% year-over-year growth was driven by the acquisition of Alani Nu in April 2025. Celsius reported an EPS of $0.33 per share, a solid 56.38% higher than what Wall Street had penciled in.

Celsius paid a net purchase price of $1.65 billion to acquire Alani Nu, a fast-growing energy drink brand, which is also known for its health-conscious positioning and strong appeal among young women.

While Celsius is poised to continue to grow in double digits, at least over FY 26 and FY 27, according to analysts, the recent post-earnings pop in the stock makes it slightly unattractive in the short term, with the forward P/E ratio sitting at 60.14x, which is why Truist’s implied upside is negative. However, the Buy rating suggests wiggle room for the long-term.

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Disclosure: None.