In recent trading sessions, Estee Lauder Cos., Inc. (Symbol: EL) has seen its shares rise above the average analyst 12-month target price of $80.48, currently trading at $81.68 per share. When a stock hits an analyst’s target, it often leads to two potential reactions: a downgrade due to valuation concerns, or an upward adjustment of the target price. Analysts may decide based on underlying business developments that might be pushing the stock price up; if things are improving for the company, they may feel it’s time to raise that target price.
According to Zacks’ coverage, there are 25 different analyst targets contributing to the average for Estee Lauder Cos., Inc. While the average serves as a useful benchmark, it is only a mathematical average. Some analysts have set lower targets, with one predicting the price will drop to $67.00. Meanwhile, there is an analyst who expects the stock to climb as high as $117.00. The standard deviation among these targets is $12.725.
This variety in analyst targets highlights a “wisdom of crowds” approach, combining the insights of various analysts rather than relying on a singular perspective. With Estee Lauder trading above the average target price of $80.48 per share, investors are prompted to evaluate the company’s potential. They need to determine whether $80.48 is just a stepping stone toward even higher targets or if the stock’s recent gains have pushed it beyond its reasonable valuation. Below is a table displaying the current opinions from analysts covering Estee Lauder Cos., Inc.:
| Recent EL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 4 | 4 | 8 | 8 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 23 | 23 | 19 | 18 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.68 | 2.68 | 2.39 | 2.37 |
The average rating shown in the table ranges from 1 to 5, with 1 indicating a Strong Buy and 5 signifying a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For updated research on EL, visit Zacks for a free report.
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Also see:
• Top Stocks Held By Andreas Halvorsen
• LYL shares outstanding history
• EBND market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
