Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, e.l.f. Beauty, Inc. (ELF) has a Wall Street consensus price target of $112.86, based on estimates from 27 covering analysts. With the stock currently trading at $92.05, this represents a potential upside of +22.6%. The company has a market capitalization of $5.13B.
Analyst price targets range from a low of $85.00 to a high of $165.00, representing a 71% spread in expectations. The median target of $110.00 aligns closely with the consensus average. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 14 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 2 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, ELF trades at a trailing P/E of 47.9x and forward P/E of 29.7x. The forward PEG ratio of 0.73 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +79.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $184.96, with bear and bull scenarios of $38.36 and $244.27 respectively. Model confidence stands at 70/100, indicating high predictability in the company's fundamentals.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how ELF stacks up against sector leader Walmart Inc..
Start ComparisonThe consensus Wall Street price target for ELF is $112.86, representing 22.6% upside from the current price of $92.05. With 27 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
ELF has a consensus rating of "Buy" based on 27 Wall Street analysts. The rating breakdown is predominantly bullish, with 14 Buy/Strong Buy ratings. The consensus 12-month price target of $112.86 implies 22.6% upside from current levels.
ELF trades at a forward P/E of 29.6639x, representing a moderate valuation. With analysts targeting $112.86 (22.6% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $165 for ELF, while the most conservative target is $85. The consensus of $112.86 represents the median expectation. Our quantitative valuation model projects a bull case target of $244 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
ELF is heavily covered by Wall Street, with 27 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 13 have Buy ratings, 11 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ELF stock forecast based on 27 Wall Street analysts shows a consensus price target of $112.86, with estimates ranging from $85 (bear case) to $165 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $185, with bear/bull scenarios of $38/$244.
Our quantitative valuation model calculates ELF's fair value at $185 (base case), with a bear case of $38 and bull case of $244. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 70/100.
ELF trades at a forward P/E ratio of 29.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 47.9x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on ELF, with a "Buy" consensus rating and $112.86 price target (22.6% upside). 14 of 27 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ELF analyst price targets range from $85 to $165, a 71% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $112.86 consensus represents the middle ground. Our model's $38-$244 range provides an independent fundamental perspective.