CELH Bullish Thesis on Earnings

What happened: Celsius Holdings Inc. (CELH) rebounded on Monday, March 16, gaining 6.02% to close at $36.13 after reaching an 11-month low the previous Friday. Despite a 25% year-to-date (YTD) decline, analysts remain bullish on CELH, with a consensus price target indicating 150% upside. The company's stock price has been volatile following strategic acquisitions and a recent Costco private-label launch. Meanwhile, analysts are bullish on other blockchain infrastructure stocks like Bit Digital (BTBT) and HIVE Digital Technologies (HIVE), with consensus price targets indicating significant upside.

Market impact: The beverage and blockchain sectors are affected. CELH's rebound signals a potential turnaround in investor sentiment towards the beverage industry, particularly for companies expanding their product portfolios. The bullish outlook on BTBT and HIVE suggests growing confidence in blockchain infrastructure stocks, driven by expanding AI compute and infrastructure strategies.

What to watch next: CELH's Q1 2026 earnings, scheduled for release on May 10, will provide insights into the company's performance post-acquisitions and the impact of the Costco private-label launch. Additionally, monitor CELH's stock price action around the $35-$38 resistance zone, which, if breached, could signal a trend reversal. For BTBT and HIVE, keep an eye on their respective operational updates and earnings releases, with BTBT's Q1 2026 earnings due on May 15 and HIVE's Q1 2026 earnings expected in late April.