RBC Capital analyst Nik Modi says he believes Monster's EPS and revenue estimates will end 2019 higher than where they started at the beginning of the year despite a "mountain" of challenges, including supply chain issues in Europe, the strong growth of Bang Energy, the launch of Coca-Cola Energy in Europe, competitors not following the company's price increase and a very active innovation agenda from Red Bull. Modi, who made no change to his Outperform rating or $75 price target, says the company has proved to be more resilient than consensus expectations.