Analyst Upside Underscores Impressive Expected Growth for Monster Beverage Corporation (NASDAQ:MNST)

Monster Beverage Corporation (NASDAQ:MNST) has been recommended as a long term growth stock according to analysts at Beta Research.  With their stock price currently trading around $57.95, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 19.30% earnings per share growth over the past 5 years and 10.30% revenue growth over that same time frame. 

As the next earnings season comes into focus, investors will be keeping watch on the performance of companies that they own. A company that continually exceeds earnings projections is most likely on the right track. On the other end of the spectrum, a company that frequently misses earnings projections might provide some insight to the fact that something isn’t right. Although it is important to keep track of earnings estimates and results, it shouldn’t be the only thing that the investor is looking at regarding the stock. Just because a company misses or beats expectations for one quarter may not mean anything super special. Tracking performance over a longer period of time can help paint the bigger picture of what is going on with the company. Sharp investors often have the ability to look deeper into the numbers to see the actual causes of an earnings hit or miss. Of course estimates are just that, estimates, and some analysts may be more accurate than others. 

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same. 

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Monster Beverage Corporation (NASDAQ:MNST)’s stock was 17.74%.  Over the last week of the month, it was 3.76%, 9.40% over the last quarter, and  -1.40% for the past six months. 

Over the past 50 days, Monster Beverage Corporation’s stock is -3.94% off of the high and 21.39% removed from the low.  Their 52-Week High and Low are as follows: -15.33% (High), 21.72%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $62.44 on the equity.   Analysts have a consensus recommendation of 2.10 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

Investors are constantly looking to find winning stocks that have been largely overlooked. With markets still riding high, this may not be the easiest thing in the world right now. Finding those perfect stocks before they become household names may take a lot of research and homework. Many investors will apply various strategies for picking stocks. If there was one that worked for everybody, it would make things super easy. Of course, this is not the case. Obviously, there are no guarantees in the stock market. Some investors may only focus on the fundamentals of a company and completely ignore the technicals. Others may choose to only watch technicals and never take a look at the underlying company information. Combining both areas of research may help give a better feel of what is going on with the stock in the long term and the short term. Individual investors who manage their own portfolios may need to put in a lot more time than those who don’t. Successful investors often have an uncanny way of filtering out the noise and keeping their focus on the right information. 

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