There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Deckers Outdoor (DECK) and e.l.f. Beauty (ELF) with bullish sentiments.
Deckers Outdoor (DECK)
In a report released today, Rafe Jadrosich from Merrill Lynch maintained a Buy rating on Deckers Outdoor, with a price target of $215.00. The company’s shares closed last Friday at $180.70.
According to TipRanks.com, Jadrosich is ranked #309 out of 6616 analysts.
Currently, the analyst consensus on Deckers Outdoor is a Strong Buy with an average price target of $194.64, an 8.8% upside from current levels. In a report issued on May 14, Wells Fargo also reiterated a Buy rating on the stock.
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e.l.f. Beauty (ELF)
D.A. Davidson analyst Linda Bolton Weiser reiterated a Buy rating on e.l.f. Beauty today and set a price target of $18.50. The company’s shares closed last Friday at $16.74.
According to TipRanks.com, Weiser is a 4-star analyst with an average return of 3.4% and a 50.4% success rate. Weiser covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Lifetime Brands, and 1-800 Flowers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for e.l.f. Beauty with a $17.33 average price target, implying a 9.2% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $20.00 price target.
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