10 Stocks Set to Explode in 2025

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

Street High Upside as of October 27, 2024: 115%

Number of Hedge Fund Holders: 27

Celsius Holdings, Inc. (NASDAQ:CELH) is one of the stocks set to explode in 2025. The beverage company sells a range of fitness and energy drinks. Its energy drinks are clinically proven to boost metabolism.

The company has been operational for the past 20 years and now has 4 core product lines and 3 energy drinks in the United States. Additionally, the company added 6 new countries in 2024. On October 7, Celsius Holdings, Inc. (NASDAQ:CELH) expanded its Essentials line by launching two new flavors. The two new flavors, Watermelon Ice and Grape Slush are extremely refreshing and are focused on performance.

In the second quarter of 2024, Celsius Holdings, Inc. (NASDAQ:CELH) generated $402 million in revenue, up by 23% year-over-year, and gross profit worth $209.1 million, up by 32% year-over-year. Its energy drinks brand, Celsius was the major contender, making up for 47% of the total Q2 revenue growth. For the first half of 2024, revenue reached $757.7 million, up by 29%. Of this, international sales accounted for $35.8 million, up from $26.4 million in Q2 2023.

Overall, Celsius Holdings, Inc. (NASDAQ:CELH) has a huge opportunity to expand into new markets across the globe. Analysts are also bullish on the stock and their high price target represents an upside of 115% from current levels. 27 hedge funds were bullish on the stock at the close of Q2 2024, according to our Insider Monkey database.

Artisan Partners’ Artisan Mid Cap Fund stated the following regarding Celsius Holdings, Inc. (NASDAQ:CELH) in its Q2 2024 investor letter:

“Among our top detractors were Lattice Semiconductor, Exact Sciences and Celsius Holdings, Inc. (NASDAQ:CELH). Celsius is an energy drink company viewed as providing a healthier option than its large competitors. We believe Celsius’ product portfolio appeals to a broad demographic, creating new consumers and generating more frequent usage occasions in the energy drink category. As a result, Celsius has been able to grow sales through market share gains and market expansion. Furthermore, the company signed a US distribution partnership with PepsiCo in October 2022, expanding its distribution and increasing penetration wherever it’s already sold. Shares sold off due to Pepsi selling down elevated inventory and recent data indicating broader weakness within the energy drink category. We will monitor US category trends, but the company continues to capture market share and expand margins. Meanwhile, there remains a large opportunity for international expansion. We modestly added to the position.”