Truist raised the firm’s price target on e.l.f. Beauty to $200 from $150 and keeps a Buy rating on the shares. The company reported “another very strong quarter” as sales jumped 85% and gross margins expanded 350 basis points, the analyst tells investors in a research note. The firm is also boosting its FY25 adjusted EBITDA view on e.l.f. Beauty to $284M from $247M.
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