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

$213.67
+18.26 (+9.34%)
(As of 06/18/2024 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

Consensus Price Target

$198.93
-6.90% Downside
High Forecast$250.00
Average Forecast$198.93
Low Forecast$115.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
8 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 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$198.93$182.00$186.58$90.58
Forecasted Upside-6.90% Downside16.50% Upside13.46% Upside15.94% 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
2.86
2.44
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside-6.90% Downside762.63% Upside11.30% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$214.00 ➝ $250.00+27.91%
6/14/2024Raymond James
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 Reiterated RatingStrong-Buy ➝ Strong-Buy$215.00 ➝ $235.00+22.75%
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%
5/23/2024Bank of America
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 Lower TargetBuy ➝ Buy$230.00 ➝ $220.00+15.43%
5/23/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$216.00 ➝ $210.00+16.82%
5/23/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$197.00 ➝ $182.00+16.93%
5/20/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$167.00 ➝ $151.00-4.70%
2/7/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$168.00 ➝ $184.00+9.70%
1/30/2024Robert W. Baird
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 Initiated CoverageNeutral$185.00+16.48%
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 Wednesday at 06:05 AM ET.

ELF Forecast - Frequently Asked Questions

What is e.l.f. Beauty's stock forecast and purchase recommendation?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for e.l.f. Beauty is $198.93, with a high forecast of $250.00 and a low forecast of $115.00. The consensus rating for e.l.f. Beauty stock is Moderate Buy based on the current 3 hold ratings, 10 buy ratings and 1 strong buy rating for ELF. Learn more on ELF's analyst rating history.

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 Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how ELF compares to other companies.

Is e.l.f. Beauty being upgraded by Wall Street analysts?

Over the previous 90 days, e.l.f. Beauty's stock had 1 upgrade by analysts.

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 16.97% based on their 12-month stock forecasts.

What analysts cover e.l.f. Beauty?

Stock Forecasts and Research Tools

This page (NYSE:ELF) was last updated on 6/19/2024 by MarketBeat.com Staff

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