The analysts raised the target to $165 and maintained their buy rating, TheStreet's Jim Cramer, co-portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. Shares currently trade around $137.
"This company has been hurt very bad" when it comes to market share because competitor Red Bull has taken advantage of Monster's change in distribution, Cramer said.
Monster Beverage MNST data by YCharts
That is going to change. Coca-Cola (KO), which has a 16.7% stake in Monster, will begin moving the energy drink, which will create more international exposure and higher revenue. As a result, Monster stock "is going to go up very, very big from here when you see the distribution switch," Cramer said.
As for the "biggest disaster that we've seen in a long time," Cramer said Methode Electronics (MEI), maker of automotive sensors, is down a whopping 32% following its earnings.
The company reported in-line earnings per share results, but missed on revenue expectations. However, it's the conference call that's got the stock down because management cited a plethora of issues plaguing the company, Cramer noted.