e.l.f. Beauty Inc. (NYSE:ELF) is one of the stocks that should double in 3 years. On October 10, JPMorgan analyst Andrea Teixeira raised the firm’s price target on e.l.f. Beauty to $168 from $130, while keeping an Overweight rating on the shares. This announcement came as part of a Q3 2025 preview for the household, personal care, and beauty group.
Teixeira projects that most large-cap companies in this group will likely report another weak quarter. This is due to consumer demand in the US, which is still depressed, along with the decelerating trends in Western Europe. JPMorgan adds that this challenging backdrop is intensified by retailers reducing their inventory. Despite the difficult environment, the firm believes that e.l.f. Beauty can positively surprise investors.
e.l.f. Beauty Inc. (NYSE:ELF) is a beauty company that provides cosmetics and skin care products worldwide. The company offers eye, lip, face, paw, and skin care products.
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Disclosure: None. This article is originally published at Insider Monkey.
