e.l.f. Beauty ( (ELF) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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E.l.f. Beauty’s stock experienced a decline due to missing Q1 earnings expectations, with gross margins affected by tariffs. Despite this setback, analysts have raised their price targets, highlighting the company’s strong market share gains and impressive sales growth fueled by innovation and marketing efforts. However, the future outlook remains cautious due to ongoing tariff uncertainties, although the company expects sales growth to continue above 9%.
More about e.l.f. Beauty
YTD Price Performance: -10.69%
Average Trading Volume: 2,384,698
Technical Sentiment Signal: Buy
Current Market Cap: $6.23B
For further insights into ELF stock on TipRanks’ Stock Analysis page.
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