e.l.f. Beauty, Inc. (NYSE: ELF) is a well-known cosmetics company that offers a wide range of beauty products. It competes with other major players in the beauty industry, such as L’Oréal and Estée Lauder. Over the past year, analysts have adjusted their price targets for ELF, reflecting changes in their expectations for the company’s stock performance.
Last month, analysts set an average price target of $95 for ELF, indicating a positive outlook for the company’s near-term performance. This optimism may be due to e.l.f. Beauty’s ability to gain market share and expand its international presence, as highlighted by its recent activities. Despite challenges like tariffs and fluctuating consumer demand, the company continues to grow its digital channels.
Three months ago, the average price target was $85, showing an upward revision in analysts’ expectations. This increase suggests growing confidence in e.l.f. Beauty’s performance or market conditions. The company’s efforts in inventory management and its focus on profitability could be contributing factors to this positive sentiment.
A year ago, the average price target was significantly higher at $181.11. The substantial decrease over the year may be due to various factors, such as changes in market dynamics or broader economic conditions. Despite this decline, e.l.f. Beauty is rated as a ‘hold’ with a price target of $75, as there is limited upside potential unless the company raises its fiscal year 2026 guidance above current consensus estimates.
The upcoming Q4 earnings report will be crucial for e.l.f. Beauty, with key areas to watch including fiscal year 2026 revenue guidance and overall profitability outlook. Analysts from D.A. Davidson have set a price target of $77 for the stock. Investors should consider these changes in consensus price targets alongside other factors, such as company news and earnings reports, to make informed decisions about ELF’s stock.
