Monster Beverage Corporation (MNST) shares surged 5.10% in pre-market trading on Friday, following the company's impressive third-quarter results and a series of analyst upgrades. The energy drink maker reported better-than-expected earnings and revenue, driven by strong global demand for its expanding portfolio of beverages.

For the third quarter of 2025, Monster Beverage reported net sales of $2.20 billion, representing a 16.8% increase from the same period last year. The company's flagship Monster Energy Drinks segment led the growth with net sales reaching $2.0 billion, up 17.7% year-over-year. This robust performance was primarily attributed to increased worldwide consumer demand and successful price increases implemented in late 2024 and throughout 2025.

In response to the strong results, several analysts raised their price targets for Monster Beverage stock. Wells Fargo increased its target price to $75 from $73, while Citigroup raised its target to $82 from $79. JPMorgan also boosted its price target to $75 from $70, maintaining a Neutral rating. The positive sentiment from Wall Street, coupled with the company's strong financial performance, has fueled investor optimism, leading to the significant pre-market stock price increase.