10 Best Beverage Stocks to Buy According to Analysts

2. Celsius Holdings, Inc. (NASDAQ:CELH)

Average Share Price Upside Potential as of February 20: 90.64%

Celsius Holdings, Inc. (NASDAQ:CELH) is a global beverage company engaged in the development and distribution of functional energy drinks and supplements. Its flagship asset, CELSIUS, is focused on accelerating metabolism and burning fat. The company distributes its products through a network of retailers, drug stores, health clubs, gyms, and e-commerce websites.

The company recently reported robust financial results for fiscal 2024. It generated a record revenue of $1.36 billion, up 3% from last year. This was driven by strong North American and international business growth and increased promotional and incentive programs. Gross profit rose 7% year-over-year to $680.2 million. Income for the year was $145 million, down 36% due to the timing of certain distributor orders.

On February 20, Celsius Holdings, Inc. (NASDAQ:CELH) said it would acquire Alani Nutrition, a health and wellness drinks brand in a $1.8 billion deal. The move is set to further bolster Celsius Holdings, Inc. (NASDAQ:CELH)’s portfolio amid growing energy beverage demand. The company’s share price had surged by 27% as of the close of business a day later, on February 21.

This has led to a bullish wave around Celsius Holdings, Inc. (NASDAQ:CELH), with several analysts reiterating their Strong Buy rating for the stock. Investor sentiment continues to improve. According to Insider Monkey’s database for Q4 2024, 33 hedge funds held a stake in the company, up from 29 at the end of the third quarter.