Elf Beauty price target lowered to $70 from $85 at Jefferies

Jefferies analyst Sydney Wagner lowered the firm’s price target on Elf Beauty (ELF) to $70 from $85 and keeps a Buy rating on the shares. Q4 beat across sales, EBITDA, and EPS, but the FY27 outlook resets Elf to a lower organic growth baseline, the analyst tells investors in a post-earnings note. Rhode remains a strong growth asset with a global runway, but is “not yet scaled enough to fully offset sentiment” on a softer core, the analyst added.