e.l.f. Beauty price target raised to $82 from $64 at Piper Sandler

Piper Sandler analyst Korinne Wolfmeyer raised the firm’s price target on e.l.f. Beauty to $82 from $64 and keeps an Overweight rating on the shares. The analyst updated the model to reflect the company’s raised guide and reiterates e.l.f. as a top idea. The company’s momentum continues to hold up strong and its financial profile remains healthy, the analyst tells investors in a research note.