Monster Beverage: Strong Earnings Growth To Support Valuation Premium
Monster(MNST) Seeking Alpha·2024-03-20 00:58
Jack Taylor Summary Following my coverage of Monster Beverage’s (NASDAQ:MNST), for which I recommended a buy rating due to my expectation that the business can continue to sustain earnings growth over the foreseeable future, thereby enabling it to continue trading at 32x forward PE, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for MNST as earnings growth continues to be strong, and I expect the strength to persist in the near term. Notably, there ...