Monster Beverage: Upside Is Attractive At This Valuation
MNSTMonster(MNST) Seeking Alpha·2024-09-10 20:01
SolStockSummary Following my coverage on Monster Beverage (NASDAQ:MNST) in March 2024, for which I recommended a buy rating due to my expectation that earnings growth will remain strong, with the potential to grow at >20%, this post is to provide an update on my thoughts on the business and stock. At a high level, MNST showed disappointing results since my last post, and that triggered a massive valuation re-rating, which combined together led to a sharp decline in share price. However, I don’t believe  ...