Piper Sandler Reiterates Overweight Rating, Top Beauty Idea on e.l.f. Beauty (ELF)

Piper Sandler analyst Korinne Wolfmeyer reiterated an Overweight rating and $105.00 price target on e.l.f. Beauty (NYSE: ELF).

"We continue to view ELF as a top idea in beauty following meetings we hosted with management last week. Attending from the company were KC Katten, VP Corporate Development and Investor Relations, and Matt Westbrock, VP of FP&A. Our meetings last week underpin our bullish thesis on ELF, and we continue to see solid top and bottom line drivers in the model to support ongoing share momentum. We maintain our favorable FQ4 outlook."

For an analyst ratings summary and ratings history on e.l.f. Beauty click here. For more ratings news on e.l.f. Beauty click here.

Shares of e.l.f. Beauty closed at $92.76 yesterday.

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