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

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$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

Moderate Buy
Based on 14 Analyst Ratings

Consensus Price Target

$198.93
-6.90% Downside

High Forecast	$250.00
Average Forecast	$198.93
Low Forecast	$115.00

Type	Current 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% Downside	16.50% Upside	13.46% Upside	15.94% 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.

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.

e.l.f. Beauty Stock vs. The Competition

Type	e.l.f. Beauty	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.86	2.44	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-6.90% Downside	762.63% Upside	11.30% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$214.00 ➝ $250.00	+27.91%
6/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Strong-Buy ➝ Strong-Buy	$215.00 ➝ $235.00	+22.75%
6/4/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$190.00 ➝ $235.00	+22.24%
6/3/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$220.00 ➝ $220.00	+12.10%
5/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$200.00 ➝ $210.00	+8.66%
5/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$230.00 ➝ $220.00	+15.43%
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5/23/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$216.00 ➝ $210.00	+16.82%
5/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$197.00 ➝ $182.00	+16.93%
5/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$167.00 ➝ $151.00	-4.70%
2/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$168.00 ➝ $184.00	+9.70%
1/30/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$185.00	+16.48%
10/5/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$110.00 ➝ $115.00	+19.10%
9/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$138.00	+26.27%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	$36.00 ➝ $70.00	-6.08%
8/12/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ 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?: e.l.f. Beauty has been rated by research analysts at Bank of America, Canaccord Genuity Group, Canaccord Genuity Group, DA Davidson, JPMorgan Chase & Co., Piper Sandler, Raymond James, Stifel Nicolaus, TD Cowen, and Truist Financial in the past 90 days.