Estee Lauder Stock Soars, Analysts Rate 'Moderate Buy'

Estee Lauders stock has been soaring, reaching a 52-week high of $104.53 earlier this week. Despite a slight dip, the stock has still gained nearly 10% in the past three months and over 30% year-to-date. This impressive performance outpaces the Nasdaqs gains and is driven by strong skincare and fragrance sales, which contributed to a 3.5% year-over-year increase in net sales to $3.5 billion. The companys first-quarter results, released in October, were better than expected, leading to a Moderate Buy rating from many analysts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.