Wells Fargo & Company Cuts Monster Beverage (NASDAQ:MNST) Price Target to $48.00

Posted by Francis Steltz on Oct 8th, 2026

Monster Beverage (NASDAQ:MNST – Free Report) had its price target decreased by Wells Fargo & Company from $53.00 to $48.00 in a research report sent to investors on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other research firms have also recently commented on MNST. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target on shares of Monster Beverage in a research note on Monday, August 10th. Sanford C. Bernstein began coverage on shares of Monster Beverage in a research report on Friday, June 12th. They issued a “market perform” rating and a $47.50 price objective for the company. UBS Group upped their price objective on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a report on Friday, August 7th. Citigroup reissued a “buy” rating on shares of Monster Beverage in a research note on Wednesday, August 12th. Finally, Evercore boosted their target price on Monster Beverage from $47.50 to $52.50 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.10.

Check Out Our Latest Stock Report on MNST

Monster Beverage Stock Down 0.9%

Shares of NASDAQ MNST opened at $42.88 on Monday. Monster Beverage has a 12-month low of $32.94 and a 12-month high of $50.17. The firm’s 50-day simple moving average is $45.12 and its 200 day simple moving average is $43.77. The company has a market cap of $84.00 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.82 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the company posted $0.26 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities analysts expect that Monster Beverage will post 1.11 earnings per share for the current year.

Institutional Trading of Monster Beverage

A number of hedge funds have recently modified their holdings of MNST. BlackRock Inc. acquired a new position in Monster Beverage during the second quarter valued at approximately $5,770,004,000. Bank of America Corp DE raised its holdings in Monster Beverage by 0.8% in the first quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock worth $908,102,000 after purchasing an additional 99,168 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Monster Beverage by 23.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after purchasing an additional 1,461,167 shares during the period. Wellington Management Group LLP boosted its position in shares of Monster Beverage by 27.8% during the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after purchasing an additional 1,624,416 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Monster Beverage during the second quarter worth $593,075,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Company Profile

(Get Free Report)

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.