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Estée Lauder pops as the beauty giant gets an upgrade

Analysts say the stock could get a glow-up as beauty demand bottoms out and Estée’s supply chain expands.

Nia Warfield

Estée Lauder shares jumped after Deutsche Bank upgraded the stock to “buy” from “hold” and raised its price target to $95 from $71.

In a new note, analysts said the beauty conglomerate is finally moving beyond its heavy reliance on China and travel retail, shifting focus toward global innovation and more localized decision-making. Back in 2021, Asia made up over a third of Estée’s total annual revenue.

With much of its recent supply chain investment now complete, Deutsche Bank said the company has more room to leverage future growth and improve margins. Analysts also wrote that the global beauty slowdown may have bottomed out, especially in China and the US.

Inventory issues are also expected to stabilize by the end of FY25, setting the stage for a cleaner rebound next year. The note comes just a week after longtime Estée Lauder Chairman Emeritus Leonard A. Lauder passed away following more than 60 years with the company.

Estée Lauder shares are now positive on the year, up about 1%.

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

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