Analyst Anna Lizzul of Bank of America Securities reiterated a Buy rating on e.l.f. Beauty (ELF – Research Report), with a price target of $95.00.
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Anna Lizzul has given her Buy rating due to a combination of factors that highlight e.l.f. Beauty’s potential for growth and value. The stock has shown a significant increase of 63% from its recent low, outperforming broader market indices. This upward momentum is expected to continue with upcoming catalysts such as a robust innovation slate in the first half of fiscal year 2026 and increased shelf space at major retailers like Target and Walgreens, alongside international expansion.
Furthermore, e.l.f. Beauty is trading below its historical average EV/EBITDA multiple, suggesting potential for multiple expansion and significant upside. Despite some volatility, the company is expected to achieve double-digit sales growth in fiscal year 2026. The current pause on tariffs also provides a favorable environment for maintaining stable pricing. Given these factors, Anna Lizzul has reiterated the Buy rating and raised the price objective to $95, reflecting confidence in the company’s ability to deliver strong top-line growth and diversify its product portfolio.
In another report released on May 14, Robert W. Baird also maintained a Buy rating on the stock with a $100.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ELF in relation to earlier this year.