Wall Street Lifts Estee Lauder Price Targets to $85: Is the China Comeback Finally Real?

"Canaccord's revision reflects the Q3 fiscal year 2026 beat alongside share gains in Mainland China, growth across all product categories, and continued progress on operational efficiency and cost-cutting initiatives."

"Wells Fargo's call leans on guidance: accelerating organic sales into Q4 and FY27 and firming fiscal 2027 operating margin targets give a more tangible direction of travel."

"Estee Lauder posted adjusted earnings per share of $0.91 on revenue of $3.71 billion, with sales rising 5% year over year. Mainland China revenue climbed 11%, marking the third straight quarter of outperforming prestige beauty."

"Management raised its FY2026 adjusted EPS guidance to $2.35 to $2.45 and previewed FY2027 operating margins approaching 13%. Given Estee Lauder's history with guidance, the firmer FY2027 framework is what Wall Street is rewarding most."

Two Wall Street firms increased their price targets for Estee Lauder Companies to $85 following a significant earnings beat in Q3. Canaccord raised its target from $80 while maintaining a Hold rating, and Wells Fargo lifted its target from $75 with an Equal Weight rating. Estee Lauder reported adjusted earnings per share of $0.91 and revenue of $3.71 billion, with notable growth in Mainland China. Management also raised FY2026 EPS guidance, indicating a positive outlook for the company's operational progress and recovery strategy.

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