Monster Beverage (MNST) is expected to post solid Q3 results, with sales growth across domestic and international markets, RBC Capital Markets said in a note Wednesday.

Sales in tracked US channels rose about 10.2% year over year in the September quarter, while energy drink category growth hit 16.4%, RBC said.

International demand remained strong, with double-digit category growth in all major regions despite earlier supply disruptions, according to the note.

RBC said it expects Monster to benefit from easier comparisons as it laps last year's hurricane-related and Europe, the Middle East and Africa supply chain issues.

The company raised prices to bottlers on Nov. 1, increasing 16-oz SKUs by roughly 5% and 12-oz by nearly 10%, the investment firm said.

Monster's October sales are projected to land in the low double-digit range, though last year's pull-forward impact creates some noise, RBC added.

RBC maintained its outperform rating for Monster with a $75 price target.

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