Monster Beverage Corp

MNST: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$12.00	Rybnly	Lylwbvym

Monster Beverage’s Ongoing Brand Resonance on Display in Q4, but Shares Expensive

Erin Lash , Grace Na

Mar 1, 2023

We don’t expect a material change in our $85 fair value estimate for narrow-moat Monster Beverage after incorporating weaker-than-expected fourth-quarter results. We continue to view Monster’s shares as overvalued, trading at a 15% premium even after a 4% drop in post-market trading.

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