Analysts have recently shared their thoughts on two companies in the Consumer Cyclical sector, Amazon (AMZN) and e.l.f. Beauty (ELF).
For Amazon, Phillip Securities analyst Paul Chew has maintained a Buy rating on the stock and set a price target of $215.00. The company’s shares closed last Wednesday at $170.98, near its 52-week high of $175.39. Chew has a track record of a 26.1% average return when recommending Amazon. According to TipRanks.com, Chew is ranked #3402 out of 8720 analysts.
The general consensus among analysts is a Strong Buy rating for Amazon, with an average price target of $208.10, implying a 23.0% upside from current levels. Seaport Global also issued a Buy rating on the stock with a $200.00 price target.
Moving on to e.l.f. Beauty, Mark Altschwager from Robert W. Baird maintained a Hold rating on the stock with a price target of $210.00. The company’s shares closed last Wednesday at $166.78, close to its 52-week high of $179.58. Altschwager is a 4-star analyst with an average return of 5.0% and a 47.6% success rate. He covers the NA sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, Savers Value Village Inc., and Birkenstock Holding plc.
The general consensus among analysts is a Moderate Buy rating for e.l.f. Beauty, with an average price target of $196.83, suggesting a 15.4% upside from current levels. Oppenheimer also maintained a Hold rating on the stock.
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