Canaccord lowered the firm’s price target on Elf Beauty (ELF) to $128 from $150 and keeps a Buy rating on the shares. The firm said the company business continued to see strong performance internationally, which saw sales up +30% despite a tough +91% comp. Sales in the US were also up +5% after seeing +1% growth in the prior quarter. However, ELF’s primary story is focused around how they can handle tariff pressures due to exposure to China manufacturing.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- Elf Beauty price target raised to $114 from $105 at Morgan Stanley
- e.l.f. Beauty: Balancing Volatility and Uncertainty with Potential Upside
- e.l.f. Beauty: Strong Market Position and Growth Potential Justify Buy Rating
- e.l.f. Beauty Reports Strong Q1 2026 Results
- Closing Bell Movers: DoorDash jumps 8%, Airbnb slips 6% on earnings