In a recent analysis, Raymond James has adjusted its price target for e.l.f. Beauty (ELF, Financial) from $120 to $85, maintaining a Strong Buy rating on the company’s shares. This revision is part of a broader outlook on the beauty, personal care, and household products sector, predicting a lackluster first-quarter performance due to slowing sales.
The firm highlights diminishing consumer demand, which is most evident in the U.S. market and now extending into Europe and Latin America. Olivia Tong, an analyst at Raymond James, notes that shoppers are becoming more cautious in their spending habits on daily essentials. Concurrently, retailers are focusing on safeguarding inventory categories that are most susceptible to potential tariff impacts.
This strategic adjustment by Raymond James reflects growing concerns over consumer behavior and tariff challenges that could influence the financial outcomes for companies like e.l.f. Beauty in the upcoming earnings season.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for e.l.f. Beauty Inc (ELF, Financial) is $90.21 with a high estimate of $120.00 and a low estimate of $70.00. The average target implies an upside of 80.60% from the current price of $49.95. More detailed estimate data can be found on the e.l.f. Beauty Inc (ELF) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, e.l.f. Beauty Inc's (ELF, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for e.l.f. Beauty Inc (ELF, Financial) in one year is $201.38, suggesting a upside of 303.16% from the current price of $49.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the e.l.f. Beauty Inc (ELF) Summary page.
