Where Will Celsius Stock Be in 3 Years?
Celsius (NASDAQ: CELH) shares have climbed 84% in the past three years (as of Aug. 20). That sounds like an impressive gain, but it's important to point out that the stock has tanked 58% just in the past five months. The market might be coming to grips with the fact that the company is entering a new phase of its lifecycle, one characterized by a more mature profile.
Celsius has probably caught the attention of buy-the-dip investors looking to take advantage of the weakness. Where will this surging beverage stock be in three years?
The most important factor contributing to Celsius' share-price gains has undoubtedly been its tremendous revenue growth. Sales totaled $1.3 billion in 2023, up a jaw-dropping 25-fold from five years earlier in 2018. Celsius has leaned on its marketing tactics that emphasize health benefits. And it's tried to broaden the number of retail locations the products are in to reach more customers and expand the sales base. That plan has obviously worked wonders.
Source Fool.com
