UBS Group raised its price target on Monster Beverage (NASDAQ:MNST) shares to $104.00, up from $84.00. The investment bank maintained its "neutral" rating on the energy drink company's stock.
Shares hit a new 52-week high during intraday trading. This follows recent price target increases from Stifel and Citigroup. Analysts show a generally positive, though mixed, sentiment. The consensus rating for Monster Beverage remains a "Moderate Buy."