Canaccord analyst Susan Anderson raised the firm’s price target on e.l.f. Beauty to $153 from $134 and keeps a Buy rating on the shares. The firm said they are on the right track to continue to chip away at market share from the legacy brands as they contnue to win on innovation.
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Read More on ELF:
- e.l.f. Beauty (NYSE:ELF) Soars on Robust Q1 Showing; Boosts Outlook
- e.l.f. Beauty price target raised to $155 from $120 at BofA
- e.l.f. Beauty jumps 14% to $133.38 after Q1 earnings beat, guidance raise
- e.l.f. Beauty raises FY24 EPS view to $2.19-$2.22 from $1.73-$1.76
- e.l.f. Beauty reports Q1 EPS $1.10, consensus 56c