e.l.f. Beauty price target raised to $167 from $141 at Stifel

Stifel raised the firm’s price target on e.l.f. Beauty to $167 from $141 and keeps a Hold rating on the shares following “another beat & raise” report. The firm, which raised its FY24-FY25 estimates, notes expectations were elevated into the Q3 report, but it anticipates shares outperform as FY25 consensus adjusted EBITDA likely increases by about 10% in the wake of the results.