Citi adds catalyst watch on Estee Lauder stock ahead of earnings

Citi adds catalyst watch on Estee Lauder stock ahead of earnings

US concludes third round of strikes against Iran after Trump reinstates blockade Investing.com - Citi reiterated a Buy stock rating on Estee Lauder Companies Inc. (NYSE:EL) and maintained its $110.00 price target on Tuesday. The stock currently trades at $81.15, suggesting significant upside potential to the analyst’s target. According to InvestingPro analysis, the stock appears undervalued at current levels, landing on the platform’s most undervalued stocks watchlist.

The firm added an upside 90-day Catalyst Watch on the stock ahead of the company’s second-quarter earnings report, scheduled for August 19. An InvestingPro tip notes that analysts predict the company will be profitable this year, with earnings per share forecast at $2.46 for fiscal 2026. For investors seeking deeper insights, a comprehensive Pro Research Report is available, offering expert analysis on EL alongside 1,400+ other US equities.

Estee Lauder manufactures and markets skin care, makeup, fragrance and hair care products globally. The company operates through multiple brands including its namesake Estee Lauder line, Clinique, MAC, and other prestige beauty labels. Citi’s catalyst watch designation indicates the firm expects a potential positive development for the stock within the next 90 days.

In other recent news, The Estée Lauder Companies have been active with multiple developments. Goldman Sachs reinstated coverage of Estée Lauder with a buy rating, setting a price target of $100, citing the market’s underestimation of the company’s growth sustainability. Conversely, Bernstein initiated coverage with a Market Perform rating and a price target of $82, expressing caution about the company’s growth prospects in the U.S. due to challenges in its channel mix.

Additionally, Estée Lauder has launched a digital tool called Scent Scanner on Pinterest to offer fragrance recommendations based on users’ visual preferences. The company has also expanded its UK manufacturing operations by integrating luxury candle and home fragrance capabilities, adding around 50 employees in the process. Meanwhile, FGX International, a part of EssilorLuxottica, has partnered with True Religion to create a new line of fashion sunglasses and eyewear accessories.

This collection will feature Y2K-inspired designs and incorporate True Religion’s signature logos and styling. These developments reflect the companies’ efforts to innovate and expand in various markets.