-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We lower our 12-month price target by $5 to $85, based on a 2027 P/E of 33.3x, a slight discount to the stock's five-year average forward P/E of 34.6x. We raise our adjusted EPS estimates by $0.05 to $2.30 for 2026 and by $0.05 to $2.55 for 2027. Following MNST's Q1 beat, we raise our estimates but maintain a Hold on the shares. MNST posted Q1 adjusted EPS of $0.58 vs. $0.47 (+24%), well ahead of the $0.53 consensus. MNST's net sales rose 27% to $2.35B ($190M above consensus) and gross margin contracted 150 bps to 55.0% (40 bps below consensus). The quarter marked MNST's fourth straight bottom-line beat. The big story, in our view, was the strength of MNST's international sales, which were boosted even further by favorable currency moves. Despite the better-than-expected release and bullishness surrounding its impressive international growth, valuation and concerns regarding the impact of aluminum and transportation costs on margins keep us neutral.