#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, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
Read More - Current Price
- $120.86
- Consensus Rating
- Buy
- Ratings Breakdown
- 14 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $173.53 (43.6% Upside)
