Selected stock price target news of the day - January 13th, 2025

By: Matthew Otto

e.l.f. Cosmetics Supports Wonder Women of Wrestling Tournament

e.l.f. Cosmetics, part of e.l.f. Beauty, recently became the first beauty sponsor of the Wonder Women of Wrestling Varsity Tournament. It is the largest high school girls’ wrestling competition in the United States.

Held January 3–4, 2025, the sixth annual event drew 700 athletes from 83 teams across the country, with over 3,000 spectators cheering on 1,300 matches over two days. Since 1990, the number of high school girls wrestling has grown from just 112 athletes to over 64,000 in 2024.

In addition to supporting the tournament, e.l.f. is funding nine college scholarships for senior wrestlers who participate in an essay competition organized by the Wonder Women of Wrestling Foundation. The event also featured Olympian Helen Maroulis, the most decorated female wrestler for Team USA, as a special guest on e.l.f.’s Twitch stream.

Maroulis, who earned her third Olympic medal with a 24-second pin at Paris 2024, shared her journey in the sport and offered advice to inspire the next generation of athletes. “Young female wrestlers now have the positive environments and resources they deserve to achieve their wildest dreams,” said Maroulis.

Analyst Upgrades Rating, Citing Impactful Community Initiatives

Morgan Stanley analyst Dara Mohsenian upgraded from Equal-Weight to Overweight and the price target from $139 to $153.

Which Analyst has the best track record to show on ELF?

Analyst Olivia Tong (RAYMOND JAMES) currently has the highest performing score on ELF with 16/19 (84.21%) price target fulfillment ratio. Her price targets carry an average of $65.43 (38.59%) potential upside. e.l.f. Beauty stock price reaches these price targets on average within 65 days.

Tesla Faces Challenges Amid Regulatory Credit Concerns and Investor Optimism

Tesla’s investors weighed potential impacts of President-elect Donald Trump’s administration on Tesla’s regulatory credit sales and electric vehicle (EV) incentives. Federal tax credits for EV buyers, currently up to $7,500 per qualifying vehicle, are at risk of elimination under potential policy changes.

These credits impact affordability for EV buyers, as they reduce the upfront cost of vehicles like Tesla’s Model 3, Model S, and Model X, priced at $40,240, $88,490, and $93,990, respectively. Eliminating these credits could effectively increase the cost of Tesla’s vehicles by 19% to 21% for U.S. consumers, posing challenges to demand.

Tesla’s financial success is also tied to its sale of zero-emission vehicle (ZEV) credits, which have generated about $10 billion in revenue since the end of 2018. Much of this revenue comes from California’s Air Resource Board (CARB), which oversees ZEV programs in California and 14 other states. If the Trump administration revokes California’s Environmental Protection Agency (EPA) waiver allowing stricter emissions regulations, Tesla’s ability to sell these credits could be severely impacted.

For context, Tesla earned $1.78 billion in regulatory credit revenue in 2021 alone, accounting for 11.6% of its total revenue that year.

Analysts Boosts Price Target Amid Regulatory and EV Market Uncertainty

Morgan Stanley analyst Adam Jonas maintained an Overweight rating and raised the price target from $400 to $430.

Which Analyst has the best track record to show on TSLA?

Analyst Andres Sheppard (CANTOR FITZGERALD) currently has the highest performing score on TSLA with 24/25 (96%) price target fulfillment ratio. His price targets carry an average of $-35.99 (-8.98%) potential downside. Tesla stock price reaches these price targets on average within 18 days.

Constellation Brands Lowers Annual Outlook Amid Weaker Beer Sales

Constellation Brands reduced its annual sales and profit forecasts after weaker-than-expected consumer demand for its Modelo Oro and Corona Light beers. Third-quarter net sales came in at $2.46 billion, missing the $2.53 billion estimate compiled by LSEG. Adjusted earnings per share (EPS) stood at $3.25, below the projected $3.31.

Quarterly depletion growth rose 3.2%, a slowdown from the 8.2% growth reported during the same period last year. Lower-income U.S. consumers, earning $50,000 or less, have opted for smaller pack sizes or less expensive alternatives.

Constellation revised its annual beer sales growth forecast to 4% to 7%, down from its earlier 6% to 8% estimate. Similarly, the overall net sales growth outlook has been adjusted to 2% to 5%, compared to the prior range of 4% to 6%. Additionally, Constellation lowered its adjusted profit per share guidance for fiscal 2025 to $13.40 to $13.80, down from $13.60 to $13.80.

Truist Securities analyst Bill Chappell recommended investors remain cautious, noting the absence of significant growth catalysts until the summer season. Constellation also continues to face challenges in its wine and spirits division as it transitions toward a premium-focused portfolio.

Analysts Adjust Ratings and Price Targets Amid Weaker Outlook

Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating, but lowered the price target from $280 to $220.
Needham analyst Gerald Pascarelli reiterated a Buy rating, though reduced the price target from $280 to $240.
JP Morgan analyst Andrea Teixeira downgraded from Overweight to Neutral rating and the price target from $262 to $203.
Jefferies analyst Kaumil Gajrawala downgraded from Buy to Hold rating and the price target from $310 to $201.

Which Analyst has the best track record to show on STZ?

Analyst Bill Kirk (MKM) currently has the highest performing score on STZ with 10/20 (50%) price target fulfillment ratio. His price targets carry an average of $51.33 (20.81%) potential upside. Constellation Brands stock price reaches these price targets on average within 579 days.