From Yahoo Finance: 2025-05-30 00:22:00

Truist Securities upgraded e.l.f. Beauty, Inc. (NYSE:ELF) shares to Buy, raising price target from $75 to $125. The revision follows improved financial outlook and strong Q4 earnings. FY26 sales forecast increased to $1.575 billion with $332 million EBITDA, up from $1.466 billion and $327 million. FY27 expectations raised as well.

e.l.f. Beauty, Inc. (NYSE:ELF) acquired Rhode for $1 billion, strengthening its portfolio. The company boasts a 71.24% gross margin, $6.30 billion market cap, and 28.28% revenue growth over the last 12 months. Analysts from various firms raised price targets for ELF, citing strategic moves and strong fundamentals.

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Read more at Yahoo Finance: Truist Increased the Price Target for e.l.f. Beauty, Inc. (ELF)