Celsius (NASDAQ: CELH) stock is enjoying strong momentum. The energy drink specialist's revenue doubled last year, sending the stock soaring. The share price was ticking up 3% in early trading on Wednesday following another bullish call just released by one analyst.

Despite trading at an expensive price-to-earnings ratio of 118, Jefferies Financial Group maintained a buy rating on Celsius shares and raised the near-term price target to $105 from $98. The new target is 12% above the current share price of around $94.

Celsius stock trades at a high P/E, but the company is also in the early stages of expanding internationally. Most analysts that cover Celsius on Wall Street rate the stock a buy due to the lucrative growth opportunity ahead and the brand's distribution agreement with .

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Source Fool.com