JP Morgan analyst Andrea Teixeira has raised the price target for e.l.f. Beauty (ELF) from $123 to $132, representing a 7.32% increase. The "Overweight" rating is maintained, indicating a positive outlook for the company's stock value. The average target price for ELF is $128.58, with a high estimate of $150 and a low of $105.
JP Morgan analyst Andrea Teixeira has recently raised the price target for e.l.f. Beauty (ELF) from $123 to $132, representing a 7.32% increase. The "Overweight" rating is maintained, indicating a positive outlook for the company's stock value. The average target price for ELF is $128.58, with a high estimate of $150 and a low of $105 [1].
In the past three months, 16 analysts have given ELF a strong buy rating, with 13 analysts rating it as a buy, and three analysts holding a neutral stance. The average price target for ELF is $127.47, with a high forecast of $150.00 and a low forecast of $96.00 [1].
Analysts from various firms have expressed confidence in ELF's growth prospects, with some highlighting the company's strong financial performance and promising growth prospects from recent acquisitions. However, others have noted potential risks such as high valuation and potential impacts from tariffs and price increases [1].
The current quarter's earnings estimate for ELF is $0.83, with a range of $0.65 to $1.01. ELF has consistently beaten its earnings estimates in the past year, outperforming the industry average [1].
The next quarter's sales forecast for ELF is $355.19M, with a range of $349.80M to $363.41M. ELF has also consistently exceeded its sales estimates in the past year [1].
Overall, the positive outlook from analysts and consistent performance in earnings and sales suggest that ELF is well-positioned for growth. However, investors should remain vigilant about potential risks and consider the high valuation and mixed technical signals [1].
References:
[1] https://www.tipranks.com/stocks/elf/forecast
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