Elf Beauty projects annual sales, profit below estimates despite upbeat Q4

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UBS Reiterates Buy Rating on e.l.f. Beauty (ELF)

May 23, 2024 5:38 AM EDT

UBS analyst Peter Grom reiterated a Buy rating and $202.00 price target on e.l.f. Beauty (NYSE: ELF).

The analyst comments "Despite a broad-based expectation for a strong quarter, our conversations with investors suggested that sentiment heading into the print had become more negative as weaker category commentary from peers led many to question how this would impact the company's ability to outline... More

e.l.f. Beauty (ELF) PT Lowered to $220 at BofA Securities

May 23, 2024 5:21 AM EDT

BofA Securities analyst Anna Lizzul lowered the price target on e.l.f. Beauty (NYSE: ELF) to $220.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "e.l.f. Beauty (ELF) FQ4 results saw another meaningful top-line beat, with sales +71% y/y (+50% volumes, +21%... More