Celsius Holdings Inc. shares have risen more than 30% after the company announced its quarterly results and plans to acquire energy drink maker Alani Nu for $1.8 billion. Analyst Sean McGowan has reiterated a buy rating with a target price of $38 per share, citing strong performance from the beverage maker’s quarterly earnings.
Source: https://www.marketwatch.com/story/this-energy-drink-stock-is-rallying-thanks-to-a-1-8-billion-acquisition-e362b1c4