BofA raises e.l.f. Beauty price target to $135, optimistic about sales growth and margin improvement.

From Financial Modeling Prep: 2025-06-20 16:39:00

BofA Securities raised e.l.f. Beauty’s price target to $135 from $113, maintaining a Buy rating despite softer Q1 expectations. Sales growth estimate trimmed to 12% from 15%, with gross margin forecast adjusted to 69%. EBITDA estimate revised down to $69 million. Analysts are optimistic about rebound in sales growth and margin improvement.



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