The firm increased the price target for the energy drink company to $115 from $98.
Credit Suisse set annual EPS estimates to $2.62 from $2.50 for fiscal 2014, to $3.03 from $2.95 for fiscal 2015, and to $3.49 from $3.46 for fiscal 2016.
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The firm reiterated its "outperform" rating and said it raised the energy drink company's numbers because the company posted an EPS beat driven by better than expected operating margins.
"The company launched two new energy products at the end of the quarter which are expected to play an important role in 2015," said Credit Suisse analyst Michael Steib.
Separately, TheStreet Ratings team rates MONSTER BEVERAGE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate MONSTER BEVERAGE CORP (MNST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."