Celsius Holdings, Inc. (CELH) saw its stock price surge 5.59% intraday on Thursday, as investors reacted positively to the latest analyst coverage and ratings.

Deutsche Bank initiated coverage on Celsius Holdings with a "Hold" rating and a price target of $32. This development likely contributed to the stock's upward momentum, as analyst coverage and ratings can influence investor sentiment and trading decisions.

Furthermore, according to analysts polled by FactSet, Celsius Holdings has an average rating of "Overweight" and a mean price target of $41.72. This optimistic outlook from analysts suggests potential for further upside in the stock's valuation, which may have fueled the rally.