Is it Time to Buy This Nasdaq Growth Stock Down 27% from its 2024 High?

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Florida-based Celsius Holdings (NASDAQ: CELH) has been making waves in the energy drink market with its thermogenic drinks that claim to help consumers burn calories even while at rest. The company’s bold flavors and unique properties have helped it stand out in a crowded space, leading to a stunning rise in revenue of 15,000% over the last decade.

Celsius’ success has been further boosted by the missteps of its competitor Bang Energy, which recently went bankrupt after losing court cases to Monster Energy and facing distribution challenges with PepsiCo. As Bang faltered, Celsius swooped in to capture market share and even secured Bang’s lost distribution deal with Pepsi, leading to a significant increase in revenue.

Despite a recent 27% drop from its 2024 high, Celsius stock remains a strong growth opportunity for investors. The company’s revenue continues to grow, with a projected $1.7 billion in revenue for the year, and impressive profit margins of nearly 14%. With plans for international expansion and greater entry into food-service chains, Celsius shows no signs of slowing down.

While the stock’s valuation may seem high, it is justified by the company’s strong growth trajectory and profit potential. Investors should consider Celsius as a golden growth stock with long-term opportunities. The recent dip in the stock price should not be a cause for concern, as it simply brings the valuation back to where it was a few weeks ago.

In conclusion, Celsius Holdings presents a compelling investment opportunity for those looking to capitalize on a company with strong growth prospects and a unique position in the energy drink market.

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