3 Beauty and Cosmetics Stocks to Invest In for Glowing Returns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
0mins
Source: Business Insider
Beauty Stocks Growth: The global cosmetics market is projected to grow from $398 billion in 2023 to $661 billion by 2032, driven by consumer demand for skincare and personal care products, particularly in emerging markets. Companies like e.l.f. Beauty, Shiseido, and Beiersdorf are leading this growth through innovation and strategic investments.
Company Performances: E.l.f. Beauty reported a 78% increase in net sales, while Shiseido showed a revenue increase of 4% year-over-year, and Beiersdorf achieved record sales of $10.3 billion in 2023, highlighting their strong market positions and adaptability in a competitive environment.
Analyst Views on ELF
Wall Street analysts forecast ELF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELF is 117.50 USD with a low forecast of 85.00 USD and a high forecast of 136.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 93.610
Low
85.00
Averages
117.50
High
136.00
Current: 93.610
Low
85.00
Averages
117.50
High
136.00
About ELF
e.l.f. Beauty, Inc. is a multi-brand beauty company. The Company offers inclusive, accessible, clean, vegan, and cruelty-free cosmetics and skincare products. The Company's family of brands includes e.l.f. Cosmetics, e.l.f. SKIN, Naturium, Well People, Keys Soulcare, and rhode. Its e.l.f. SKIN is an ingredient-focused, dermatologist-developed formulas for every eye, lip and face. The Company operates across beauty categories including eye, lip, and face makeup, beauty tools and accessories, and skincare products. Its color cosmetics and skin care products are broadly sold through food, drug, and mass channels, as well as through department stores and direct and specialty channels. The Company sells its products with retailers in the United States, as well as internationally. It also sells its products online through its own direct e-commerce channels, as well as through other e-commerce Websites.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
