With half of 2012 in the record books, it's important to take a look at whether the stocks that interest you can live up to their full potential. By making sure you know about a company's future plans and possible challenges, you can make a better decision about whether it's a smart investment for your portfolio.

Today, let's take a look at SodaStream (Nasdaq: SODA). As we saw in our look at SodaStream last month, the carbonator-maker has finally stood out on its own, out of the shadow of Green Mountain Coffee Roasters (Nasdaq: GMCR) and its do-it-yourself, single-serve-coffee machines. But can SodaStream keep up the pace of growth necessary to justify its valuation? Let's take a quick look at SodaStream's prospects for the rest of the year and beyond.

Stats on SodaStream

Average Stock Price Target $60.85
2012 EPS Estimate $2.17
2013 EPS Estimate $2.71
2012 Sales Growth Estimate 32.8%
2013 Sales Growth Estimate 18.2%
CAPS Rating (out of 5) **

Source: Yahoo Finance.

Can SodaStream stay fizzy throughout 2012?
SodaStream has done a great job of expanding its presence in retail outlets. As it continues to get into more stores, revenue growth should follow the same track upward.

Those hoping to see SodaStream in grocery stores, however, will have to wait a while. CEO Daniel Birnbaum said that rolling out carbonators and supplies in supermarkets won't happen in earnest until 2014. Nevertheless, the fact that SodaStream is thinking in that direction is a good sign.

Further collaborations are also a possibility. Kraft started packaging Crystal Light and Country Time as SodaStream syrups, and sales have been quite strong. Further partnerships could boost SodaStream's popularity and give other major drink producers incentives to work with SodaStream rather than against it.

One area where SodaStream could focus on for further growth is the energy-drink market. With Red Bull and Monster Beverage (Nasdaq: MNST) duking it out for supremacy and having largely beaten mainstream beverage companies Coca-Cola (NYSE: KO) and PepsiCo (NYSE: PEP) to the punch, SodaStream already has a competing product ready -- and its forward earnings multiple is well below Monster's.

SodaStream sported a high valuation a year ago, but after a big correction in its shares, the company looks like a reasonable value if you believe in its growth prospects. SodaStream has a good chance of bubbling higher for the rest of the year.

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