Wells Fargo lifts Estée Lauder price target to $110 and keeps Equal‑Weight rating
Wells Fargo raised its price target for Estée Lauder (EL) from $95 to $110, a 15.8% increase, while maintaining an Equal‑Weight rating. The analyst noted the company’s first‑quarter fiscal 2027 revenue grew 5.8% to $15.28 billion and that the stock had fallen 4.1% on the day but risen 30.2% over the prior three months. The firm highlighted a gross profit margin of 76% and strong fragrance‑driven sales. TradingView reported the new target implies about a 5.0% upside from the November 2 close of $104.77.
Why it matters
Wells Fargo’s higher target suggests the stock may be undervalued and could trade above its current price, offering a modest upside for investors (the firm cites a 5.0% upside from the last close). The rating change may also influence other analysts and fund managers who follow the bank’s guidance.
Key facts
- 1Wells Fargo raised its price target for Estée Lauder to $110 from $95. investing.com
- 2The price‑target increase represents a 15.8% rise. tradingview.com
- 3Estée Lauder’s first‑quarter fiscal 2027 revenue grew 5.8% to $15.28 billion. investing.com
- 4The stock closed down 4.1% on the day of the announcement. investing.com
- 5The stock had risen 30.2% over the prior three months. investing.com
- 6Wells Fargo noted a gross profit margin of 76%. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.