There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on e.l.f. Beauty (ELF) and Walmart (WMT) with bullish sentiments.
e.l.f. Beauty (ELF)
In a report released today, Linda Bolton Weiser from D.A. Davidson maintained a Buy rating on e.l.f. Beauty, with a price target of $24.00. The company’s shares closed last Tuesday at $19.75, close to its 52-week high of $20.00.
According to TipRanks.com, Weiser is a 4-star analyst with an average return of 4.4% and a 52.9% 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 Strong Buy analyst consensus rating for e.l.f. Beauty with a $19.86 average price target, representing a 4.1% upside. In a report issued on June 25, Morgan Stanley also maintained a Buy rating on the stock with a $22.00 price target.
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Walmart (WMT)
Oppenheimer analyst Rupesh Parikh assigned a Buy rating to Walmart today and set a price target of $145.00. The company’s shares closed last Tuesday at $126.31.
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.2% and a 61.5% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Church & Dwight.
Walmart has an analyst consensus of Strong Buy, with a price target consensus of $138.15, a 16.6% upside from current levels. In a report issued on June 22, Guggenheim also maintained a Buy rating on the stock with a $145.00 price target.
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