Celsius Holdings is trading 4.06% down in pre-market at $33.80 after Deutsche Bank downgraded the shares from Buy to Hold on August 27, 2026.

  • Deutsche Bank raised its price target from $30 to $35 but said a durable recovery in the core Celsius brand is unlikely to become evident before 2027.
  • The downgrade follows weaker second-quarter trends, revenue and profitability misses, and delayed recovery expectations.