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e.l.f. Beauty (ELF) Stock Forecast & Price Target

e.l.f. Beauty logo
$122.85 +1.52 (+1.25%)
(As of 11/18/2024 ET)

e.l.f. Beauty - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
2
Buy
14

Based on 16 Wall Street analysts who have issued ratings for e.l.f. Beauty in the last 12 months, the stock has a consensus rating of "Buy." Out of the 16 analysts, 2 have given a hold rating, 12 have given a buy rating, and 2 have given a strong buy rating for ELF.

Consensus Price Target

$173.53
41.26% Upside
According to the 16 analysts' twelve-month price targets for e.l.f. Beauty, the average price target is $173.53. The highest price target for ELF is $250.00, while the lowest price target for ELF is $115.00. The average price target represents a forecasted upside of 41.26% from the current price of $122.85.
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ELF Analyst Ratings Over Time

TypeCurrent Forecast
11/19/23 to 11/18/24
1 Month Ago
10/20/23 to 10/19/24
3 Months Ago
8/21/23 to 8/20/24
1 Year Ago
11/19/22 to 11/19/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
12 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
9 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$173.53$191.21$216.43$132.42
Forecasted Upside41.26% Upside76.72% Upside34.17% Upside17.34% Upside
Consensus Rating
Buy
Buy
Buy
Moderate Buy

ELF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ELF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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e.l.f. Beauty Stock vs. The Competition

Typee.l.f. BeautyConsumer Staples CompaniesS&P 500
Consensus Rating Score
3.00
2.46
2.50
Consensus RatingBuyHoldModerate Buy
Predicted Upside44.68% Upside43.10% Upside9.53% Upside
News Sentiment Rating
Positive News

See Recent ELF News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/7/2024B. Riley
4 of 5 stars
 Lower TargetBuy ➝ Buy$175.00 ➝ $150.00+27.27%
11/7/2024Stifel Nicolaus
4 of 5 stars
 Lower TargetHold ➝ Hold$131.00 ➝ $115.00-2.43%
11/7/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$167.00 ➝ $154.00+25.09%
11/7/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$250.00 ➝ $200.00+62.46%
11/7/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$162.00 ➝ $165.00+39.81%
11/7/2024DA Davidson
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 Lower TargetBuy ➝ Buy$223.00 ➝ $170.00+54.41%
10/30/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$220.00 ➝ $175.00+58.67%
10/21/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$240.00 ➝ $175.00+61.74%
10/16/2024Truist Financial
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 Lower TargetBuy ➝ Buy$210.00 ➝ $130.00+18.25%
10/15/2024Bank of America
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 Lower TargetBuy ➝ Buy$190.00 ➝ $165.00+50.53%
9/30/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$184.00 ➝ $139.00+23.49%
9/12/2024TD Cowen
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 Lower TargetBuy ➝ Buy$235.00 ➝ $150.00+33.94%
8/9/2024UBS Group
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 Lower TargetBuy ➝ Buy$250.00 ➝ $230.00+44.12%
7/22/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$235.00 ➝ $235.00+39.30%
7/18/2024Baird R W
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M. Altschwager
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UpgradeHold ➝ Strong-Buy
2/16/2023Cowen
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 Boost TargetMarket Perform$36.00 ➝ $70.00-6.08%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:29 PM ET.


ELF Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for e.l.f. Beauty is $173.53, with a high forecast of $250.00 and a low forecast of $115.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for e.l.f. Beauty in the last year. There are currently 2 hold ratings, 12 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ELF shares.

According to analysts, e.l.f. Beauty's stock has a predicted upside of 41.26% based on their 12-month stock forecasts.

Analysts like e.l.f. Beauty more than other "consumer staples" companies. The consensus rating for e.l.f. Beauty is Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how ELF compares to other companies.


This page (NYSE:ELF) was last updated on 11/18/2024 by MarketBeat.com Staff
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