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MNST Analyst Rating: Piper Sandler Raises Price Target to $94
Piper Sandler has maintained an “Overweight” rating for Monster Beverage (MNST) and increased its price target to $94 from $85, representing a 10.59% hike. This adjustment follows several other analysts who have also raised their price targets for MNST recently. Monster Beverage is a leading energy drink company, generating two-thirds of its revenue in the US and Canada, and benefits from a strategic distribution agreement with Coca-Cola.