UBS raised Monster Beverage Corporation’s price target to $64 from $63 on July 17, maintaining a Neutral rating due to distribution gains and innovation. The energy drink giant faces competition from new entrants and legacy rivals, focusing on international expansion and product extensions. The recent launch of alcoholic offerings under The Beast Unleashed brand has drawn interest, but UBS is waiting for meaningful revenue evidence before revising its outlook. With the stock below 8.5% of the new target, the neutral call reflects a wait-and-see approach as Monster navigates a shifting competitive landscape.

Read more at Yahoo Finance: UBS Raises Monster (MNST) Price Target, Maintains Neutral Rating