MNST
Monster Beverage Corp
NASDAQ: MNST · CONSUMER DEFENSIVE · BEVERAGES - NON-ALCOHOLIC
$92.83
+0.87% today
Updated 2026-06-12
Market cap
$87.08B
P/E ratio
43.01
P/S ratio
9.90x
EPS (TTM)
$2.07
Dividend yield
—
52W range
$58 – $90
Volume
5.1M
Monster Beverage Corp (MNST) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed MNST price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$92.83
Today
Analyst consensus
$88.89
-4.24% · 12M
2030 Base
$102.13
+10.02% future
NPV today
$73.81
@ 7% WACC
21 analysts:
14 Buy7 Hold1 Sell
Management guidance
Monster Beverage management has not provided explicit long-term revenue targets through 2030 in available guidance. However, CEO Hilton Schlosberg has emphasized sustained international expansion, brand strength, and an asset-light distribution model (leveraging Coca-Cola partnership) as growth drivers. Recent Q1 2026 results showed 26.9% YoY revenue growth and management maintained focus on volume growth across North America and international markets without issuing specific 2030 targets.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
MNST · Monster Beverage Corp · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$48.29
NPV today: $34.90
Base case (2030)
$102.13
NPV today: $73.81
Bull case (2030)
$191.86
NPV today: $138.65
WallStSmart.com
MNST financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $8.3B | $10.8B | $12.4B | $14.2B | $15.9B | $17.6B |
| Revenue growth | 10.7% | 30.8% | 14.5% | 14.2% | 11.9% | 11.2% |
| Net margin | — | 23.9% | 24.3% | 24.5% | 24.3% | 24.1% |
| EPS | $1.95 | $2.65 | $3.08 | $3.54 | $3.92 | $4.32 |
| Diluted shares | — | 979M | 980M | 981M | 982M | 983M |
| Net debt | — | $-4.05B | $-5.73B | $-7.65B | $-9.80B | $-12.18B |
| P/S multiple | — | 5.0x | 5.0x | 5.0x | 5.0x | 5.0x |
| Implied price (base) | — | $59.55 | $69.21 | $80.12 | $90.79 | $102.13 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $17.6B | $17.6B | $17.6B |
| P/S multiple | 2.0x | 5.0x | 10.0x |
| Diluted shares | 983M | 983M | 983M |
| Net debt | $-12.18B | $-12.18B | $-12.18B |
| Implied P/E † | 11x | 24x | 44x |
| 2030 Price | $48.29 | $102.13 | $191.86 |
| NPV @ 7% | $34.90 | $73.81 | $138.65 |
† Implied P/E: Multiples remain elevated across all three scenarios because MNST is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $102.13 base case
MNST catalysts and risks
Growth catalysts
+ Sustained international expansion (EMEA, APAC momentum driving incremental 300-500bps growth)
+ Energy drink market TAM expansion (global market growing 11-13% CAGR through 2030, MNST gaining share above category)
+ New product innovation and premiumization (pipeline of functional/wellness variants commanding higher margins)
+ $500M share repurchase program (EPS accretion of 2-3% annually through 2030)
+ Coca-Cola distribution leverage (cost efficiencies, shelf-space gains, emerging market penetration)
Key risks
- Regulatory headwinds on energy drinks (caffeine limits, sugar taxes in developed markets; could compress margins 200-400bps)
- Competitive intensity (Red Bull, new entrants like CELH Celsius gaining share; price competition compressing pricing power)
- Consumer health trend acceleration (shift to lower-sugar, functional beverages; category cannibalization of core flavors)
- Foreign exchange headwinds (international revenue ~40% of total; USD strength could trim growth 2-4% annually)
- Valuation risk (P/E 42x vs. sector 18-22x; stock vulnerable to multiple compression on growth deceleration)
Methodology · Monster Beverage Corp 2030 stock forecast model
Monster Beverage Corp 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for MNST by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-12.18B by 2030) |
| 3. Time value | NPV calculated using 7% WACC (CAPM: beta 0.501) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 5.0x / bull 10.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
MNST price target FAQ
What is the MNST price target for 2030?
WallStSmart's Monster Beverage Corp 2030 base case is $102.13 per share, with a bull case of $191.86 and bear case of $48.29. The NPV of the base case discounted to today at 7% WACC is $73.81.
How is the Monster Beverage Corp 2030 stock forecast calculated?
The MNST 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the MNST price target account for dilution?
Monster Beverage Corp is projected to grow diluted share count from 978M to 983M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on MNST stock?
21 analysts cover MNST with an average 12-month price target of $88.89. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.