Needham & Company LLC reduced its price target for Celsius Holdings (CELH) from $75.00 to $55.00. Needham announced this adjustment on July 9, 2026. The firm maintained its Buy rating on the stock despite the change. Recent scanner data shows slowing sales trends for the company's key brands.
The stock has declined 42% over the past six months. Needham lowered its second-quarter revenue estimate for Celsius to $851 million. This projection falls below the market consensus estimate of $886 million.
Analysts suggest that current share prices already factor in significant negative news ahead of the upcoming earnings report. Needham views the current risk/reward setup as compelling for the future. This adjustment follows a broader trend of reduced expectations from other analysts.