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European Wax Center (EWCZ) Stock Forecast & Price Target

$9.06
-0.07 (-0.77%)
(As of 07/19/2024 ET)

European Wax Center - 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

Based on 6 Wall Street analysts who have issued ratings for European Wax Center in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for EWCZ.

Consensus Price Target

$15.00
65.56% Upside
High Forecast$16.00
Average Forecast$15.00
Low Forecast$12.00

According to the 6 analysts' twelve-month price targets for European Wax Center, the average price target is $15.00. The highest price target for EWCZ is $16.00, while the lowest price target for EWCZ is $12.00. The average price target represents a forecasted upside of 65.56% from the current price of $9.06.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$15.00$16.33$17.00$21.00
Forecasted Upside65.56% Upside32.40% Upside23.91% Upside28.79% Upside
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EWCZ 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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EWCZ 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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European Wax Center Stock vs. The Competition

TypeEuropean Wax CenterConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.83
2.43
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside65.56% Upside703.60% Upside10.01% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$15.00 ➝ $12.00+26.45%
5/30/2024Telsey Advisory Group
2 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$16.00 ➝ $16.00+42.86%
5/16/2024Citigroup
3 of 5 stars
 Lower TargetBuy ➝ Buy$19.00 ➝ $16.00+46.52%
5/16/2024Truist Financial
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 Lower TargetBuy ➝ Buy$17.00 ➝ $16.00+39.98%
5/16/2024Bank of America
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 Lower TargetBuy ➝ Buy$19.00 ➝ $16.00+39.98%
11/9/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$18.00 ➝ $14.00+3.78%
4/5/2023Robert W. Baird
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 DowngradeOutperform ➝ Neutral$21.00+9.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:43 AM ET.

EWCZ Forecast - Frequently Asked Questions

What is European Wax Center's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for European Wax Center is $15.00, with a high forecast of $16.00 and a low forecast of $12.00.

Should I buy or sell European Wax Center stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for European Wax Center in the last twelve months. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EWCZ shares.

Does European Wax Center's stock price have much upside?

According to analysts, European Wax Center's stock has a predicted upside of 32.43% based on their 12-month stock forecasts.

What analysts cover European Wax Center?

European Wax Center has been rated by research analysts at Bank of America, Citigroup, Piper Sandler, Telsey Advisory Group, and Truist Financial in the past 90 days.

Do Wall Street analysts like European Wax Center more than its competitors?

Analysts like European Wax Center more than other "consumer staples" companies. The consensus rating for European Wax Center is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how EWCZ compares to other companies.


This page (NASDAQ:EWCZ) was last updated on 7/20/2024 by MarketBeat.com Staff

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