DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on e.l.f. Beauty to $220 from $178 and keeps a Buy rating on the shares after its Q3 earnings beat. The analyst is citing the company having announced shelf space gains, which means pipeline fill could drive upside in Q1 of FY25. e.l.f. Beauty has also lapped its hardest prior-year point-of-sale comps with 40% growth in January 2024, and prior-year comps are easier now until July, the firm tells investors in a research note.
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