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Analysts Offer Insights on Consumer Goods Companies: Walmart (WMT) and e.l.f. Beauty (ELF)

Tipranks - Tipranks - Sat May 23, 10:04AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Walmart (WMT) and e.l.f. Beauty (ELF) with bullish sentiments.

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Walmart (WMT)

D.A. Davidson analyst Michael Baker reiterated a Buy rating on Walmart today. The company’s shares closed last Friday at $119.58.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 6.0% and a 54.3% success rate. Baker covers the NA sector, focusing on stocks such as Dick’s Sporting Goods, The Lovesac Company, and Advance Auto Parts. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walmart with a $141.54 average price target, implying a 16.6% upside from current levels. In a report issued on May 7, TD Cowen also maintained a Buy rating on the stock with a $150.00 price target.

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e.l.f. Beauty (ELF)

In a report released yesterday, Bonnie Herzog from Goldman Sachs maintained a Buy rating on e.l.f. Beauty, with a price target of $80.00. The company’s shares closed last Friday at $53.36.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 5.7% and a 58.1% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, Constellation Brands, and Vita Coco Company. ;'>

e.l.f. Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $77.79, representing a 46.2% upside. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

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