#4 - e.l.f. Beauty (NYSE:ELF)
If you're looking for growth stocks that don't need an AI boost, e.l.f. Beauty Inc. (NYSE: ELF) becomes an obvious choice when compared to Nvidia. ELF stock is up 169% in the last year, and its five-year growth of over 2,467% outpaces NVDA stock over that same period.
The company's niche of offering high-quality skincare products at affordable prices is helping it take market share from Ulta Beauty Inc. (NASDAQ: ULTA). You may recall that in 2023, Ulta was the hot name in the skincare industry, and it was taking market share from The Estee Lauder Companies Inc. (NYSE: EL).
A comparison of the market caps of those three companies makes a case for a shift to the smaller players. Estee Lauder has a market cap of $53.03 billion, and Ulta checks in with a $27.11 billion market cap. ELF, by contrast, has a market cap of $11.3 billion, which barely puts it in the category of a large-cap stock. Perhaps more tellingly, e.l.f. Beauty has the attention and loyalty of the coveted Gen Z consumer.
About e.l.f. Beauty
e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.
Read More - Current Price
- $128.66
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $171.82 (33.5% Upside)
