Monster Beverage shares surged 7.5% premarket after Q2 revenue rose 11% to $2.11 billion and EPS hit $0.52, topping estimates. Piper Sandler upgraded the stock to 'Overweight' with a $74 target. Flagship drink sales grew 11% to $1.94 billion, while strategic brands rose 19%. Retail sentiment on Stocktwits turned 'extremely bullish' as the stock eyed best day since November 2022.
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03:10 pm on
08 Aug