Celsius is quickly gaining market share in the energy drink market that generates global sales of more than $150 billion annually, according to Statista. Many analysts have conceded that the energy drink market has exceeded all expectations in terms of growth. Analysts scrambled to revise higher their price targets on CELH stock following the blowout quarter. In May of this year, Celsius Holdings reported record revenue of $260 million, which was up 95% from a year earlier and miles ahead of Wall Street consensus forecasts.
This makes the brand one of those hypergrowth stocks to buy. The incredible performance has been driven by soaring consumer demand and record earnings. Through five years, the company’s share price has increased a remarkable 2,751%.
In the last 12 months, CELH stock has gained 155%. The company that makes drinks to help people accelerate their metabolism and burn body fat has taken off in recent years. But rival Celsius Holdings (NASDAQ: CELH) is no slouch. In the energy drink market, Monster Beverage (NASDAQ: MNST) tends to get all the attention.
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