Monster Beverage backed for gains by Goldman Sachs


Goldman Sachs reiterates its Buy rating on Monster Beverage (NASDAQ:MNST).

The investment firm has a $85 price target on shares of the energy drink maker which factors in a bit of a takeover premium.

Monster is set to release Q2 numbers on August 7.

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Comments (1)
  • Timberwolf Equity Research
    , contributor
    Comments (479) | Send Message
     
    $85 is a bit of a premium? That's more than 35x 2014 estimated earnings!
    6 Aug 2014, 10:04 AM Reply Like
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