Ashley Wallace, an analyst from Bank of America Securities, reiterated the Buy rating on The Estée Lauder Companies. The associated price target was raised to $130.00.
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Ashley Wallace has given his Buy rating due to a combination of factors that highlight The Estée Lauder Companies’ strong potential for growth. The company has been identified as a top pick in the beauty sector for 2026, largely due to its strategic ‘Beauty Reimagined’ plan. This plan aims to boost revenue through innovation, increased focus on faster-growing distribution channels, and enhanced consumer spending, all supported by a significant cost-saving and reinvestment program.
Furthermore, the beauty market is expected to improve, particularly in China and the US, which together account for a substantial portion of Estée Lauder’s revenues. The company’s leverage in the premium segments of beauty demand, coupled with its cost-saving initiatives, is anticipated to enhance profit margins. Additionally, the favorable outlook for the China beauty market has led to upgraded estimates, positioning them significantly ahead of company guidance.
According to TipRanks, Wallace is a 3-star analyst with an average return of 2.5% and a 60.71% success rate.
In another report released on December 3, Evercore ISI also maintained a Buy rating on the stock with a $115.00 price target.