Morgan Stanley analyst Dara Mohsenian raised the firm’s price target on Elf Beauty (ELF) to $114 from $105 and keeps an Equal Weight rating on the shares. Despite a Q1 beat, a lack of forward guidance outside of below consensus Q2 margins sent the stock down after-hours, the analyst tells investors. However, the firm opts to “see the glass as half full with pricing now in place, Rhode accretion, and Q2 margin guidance de-risked,” the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- 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
- e.l.f. Beauty Completes Acquisition of HRBeauty LLC