Monster Beverage Corporation (NASDAQ:MNST) Sees Positive Outlook from Wells Fargo

Wells Fargo upgrades Monster Beverage Corporation (NASDAQ:MNST) to "Overweight" with a price target increase from $70 to $73. Monster Beverage reports record net sales of over $2 billion in Q2 2025, with an 11.1% growth rate. Operating income and net income per diluted share saw significant increases of 19.8% and 21.1%, respectively.

Monster Beverage Corporation (NASDAQ:MNST), a leading player in the energy drink market, competes with giants like Red Bull and PepsiCo's Rockstar. On August 8, 2025, Wells Fargo updated its rating for Monster Beverage to "Overweight," indicating a positive outlook for the stock. At the time, the stock was priced at $60.80.

Wells Fargo's decision to raise the price target for Monster Beverage from $70 to $73 reflects confidence in the company's financial health. This optimism is supported by Monster Beverage's impressive second-quarter results for 2025. The company reported record net sales, surpassing $2 billion for the first time, with a growth of 11.1% to $2.11 billion. On a foreign currency adjusted basis, net sales increased by 11.4% to $2.12 billion.

Monster Beverage's operating income also saw a significant increase, rising by 19.8% to $631.6 million. On a non-GAAP adjusted basis, this figure increased by 21.5%. These strong financial metrics highlight the company's robust performance and growth during the second quarter of 2025. Additionally, net income per diluted share rose by 21.1% to $0.50, and by 23.0% to $0.52 on a non-GAAP adjusted basis.

The stock's current price of $60.80 reflects a $1.30 increase, or 2.18%, for the day. The stock has fluctuated between a low of $59.80 and a high of $60.97 during the trading day. Over the past year, Monster Beverage's stock has reached a high of $64.45 and a low of $45.19. The company's market capitalization stands at approximately $59.3 billion, with a trading volume of 8,924,052 shares today.