UPDATE: Raymond James Starts e.l.f. Beauty (ELF) at Outperform

July 13, 2021 4:41 PM EDT
Get Alerts ELF Hot Sheet
Price: $26.58 +0.11%

Rating Summary:
    9 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 27 | New: 42
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(Updated - July 14, 2021 3:24 AM EDT)

Raymond James analyst Olivia Tong initiates coverage on e.l.f. Beauty (NYSE: ELF) with a Outperform rating and a price target of $33.00.

The analyst comments "With an increasingly diverse product portfolio, retail mix beginning to expand, and rising yet still affordable price points (starting at $1), ELF is well positioned. Improving post-COVID demand for Beauty further supports growth beyond the company’s significant whitespace opportunities. We have a favorable view on the Beauty sector, and believe the strength of e.l.f.’s partnerships, a history of successful brand building through digital marketing, its e-commerce capabilities, and its opportunity to expand internationally and in higher margin categories provide a multi-faceted growth path for the company."

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 $26.13 yesterday.


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