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

$174.47
-2.96 (-1.67%)
(As of 07/24/2024 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

Based on 15 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 15 analysts, 2 have given a hold rating, 11 have given a buy rating, and 2 have given a strong buy rating for ELF.

Consensus Price Target

$210.00
20.36% Upside
High Forecast$258.00
Average Forecast$210.00
Low Forecast$115.00

According to the 15 analysts' twelve-month price targets for e.l.f. Beauty, the average price target is $210.00. The highest price target for ELF is $258.00, while the lowest price target for ELF is $115.00. The average price target represents a forecasted upside of 20.36% from the current price of $174.47.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
10 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$210.00$198.93$184.33$94.42
Forecasted Upside20.36% Upside15.65% Upside17.70% Upside14.23% Upside
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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
2.44
2.51
Consensus RatingBuyHoldModerate Buy
Predicted Upside20.36% Upside709.50% Upside10.61% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/22/2024Raymond James
4 of 5 stars
 Reiterated RatingStrong-Buy ➝ Strong-Buy$235.00 ➝ $235.00+39.30%
7/22/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$182.00 ➝ $224.00+33.19%
7/22/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$151.00 ➝ $161.00-9.31%
7/18/2024Baird R W
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M. Altschwager
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UpgradeHold ➝ Strong-Buy
7/18/2024Robert W. Baird
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 UpgradeNeutral ➝ Outperform$210.00 ➝ $230.00+34.76%
7/11/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$210.00 ➝ $258.00+29.28%
7/10/2024Bank of America
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 Boost TargetBuy ➝ Buy$220.00 ➝ $230.00+14.54%
6/18/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$214.00 ➝ $250.00+27.91%
6/4/2024TD Cowen
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 Boost TargetBuy ➝ Buy$190.00 ➝ $235.00+22.24%
6/3/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+12.10%
5/29/2024Truist Financial
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 Boost TargetBuy ➝ Buy$200.00 ➝ $210.00+8.66%
2/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$168.00 ➝ $184.00+9.70%
10/5/2023Jefferies Financial Group
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 UpgradeHold ➝ Buy$110.00 ➝ $115.00+19.10%
9/27/2023UBS Group
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 Initiated CoverageBuy$138.00+26.27%
2/16/2023Cowen
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 Boost TargetMarket Perform$36.00 ➝ $70.00-6.08%
8/12/2022Cowen
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 DowngradeOutperform ➝ Market Perform$36.00-1.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:37 AM ET.

ELF Forecast - Frequently Asked Questions

What is e.l.f. Beauty's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for e.l.f. Beauty is $210.00, with a high forecast of $258.00 and a low forecast of $115.00.

Should I buy or sell e.l.f. Beauty stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for e.l.f. Beauty in the last year. There are currently 2 hold ratings, 11 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ELF shares.

Does e.l.f. Beauty's stock price have much upside?

According to analysts, e.l.f. Beauty's stock has a predicted upside of 20.90% based on their 12-month stock forecasts.

Has e.l.f. Beauty been upgraded by Wall Street analysts recently?

Over the previous 90 days, e.l.f. Beauty's stock had 2 upgrades by analysts.

What analysts cover e.l.f. Beauty?
Do Wall Street analysts like e.l.f. Beauty more than its competitors?

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 7/24/2024 by MarketBeat.com Staff

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