TD Cowen upgraded CELH to "buy" and raised its price target to $55
Celsius Holdings Inc (NASDAQ:CELH) is set for a higher open, last seen up 5.2% in premarket trading, after TD Cowen upgraded the energy drink stock to “buy” from “hold” and lifted its price target from $37 to $55. The brokerage cited confidence in Celsius’ long-term growth trajectory, fueled by integration of the Alani Nu acquisition and broader retail distribution in 2026.
Today’s pop could put CELH back on track toward its June 1 nearly 52-week high of $44, following a short-lived pullback that snapped the stock’s three-week win streak. Celsius Holdings stock now boasts a 56.3% year-to-date lead.
Analysts were heavily bullish ahead of today, with 14 of 18 sporting a "buy" or better rating. Meanwhile, short interest rose 5.8% in the last reporting period, and the 24.55 million shares sold short now represent 15% of CELH’s total float -- a potential source of fuel for a short-covering rally, but also a warning of elevated expectations.
For those looking to speculate, options are pricing in relatively low volatility. Celsius Holdings stock’s Schaeffer’s Volatility Index (SVI) of 50% ranks in the 1st percentile of annual readings, pointing to historically cheap premiums.
The stock has also tended to outperform volatility expectations over the past 12 months, per its Schaeffer's Volatility Scorecard (SVS) of 89 out of 100.