Forecast Of The Day: L’Oreal Makeup Revenues

What?

L’Oreal (OTCMKTS: LRLCY) Makeup Revenues rose from $9.3 billion in 2020 to about $10 billion in 2021. Trefis expects the metric to rise further to levels of around $13 billion by 2023.

Why?

We expect makeup sales to rise given strong consumer spending trends and also due to the fact that people are stepping out more often following the Covid-19 lockdowns.

So What?

We think L’Oreal stock is undervalued at current levels. We value L’Oreal at $98 per share, about 20% ahead of the current market price.

See Our Complete Analysis For L’Oreal

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