TD Cowen raised the firm’s price target on e.l.f. Beauty to $220 from $185 and keeps a Market Perform rating on the shares. The firm met with management with key takeaways ELF still has a lot of room for growth given opportunities to increase shelf space and skincare, product innovation is lifting sales around the entire e.l.f. portfolio, and above-industry average marketing ROI translating to top and bottom-line growth.
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Read More on ELF:
- e.l.f. Beauty price target raised to $230 from $200 at BofA
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- e.l.f. Beauty price target raised to $215 from $200 at Raymond James
- e.l.f. Beauty price target raised to $225 from $212 at Piper Sandler
- e.l.f. Beauty price target raised to $214 from $204 at Canaccord
