Here's Why We Have Changed Monster Worldwide's PT To $6.80

We recently changed our price estimate for Monster's stock from $5.59 to $6.80, increasing it by over 20%. This change in valuation reflects an improved outlook, as we think the worst could now be over for Monster, and its business could re-accelerate going forward. The key factors that underlie our top-line estimates include recent growth in bookings (in high-single digits) across North America and Asia, coupled with traction across various growth strategies. These include drastically raising t...