B. Riley analyst Anna Glaessgen raised the firm’s price target on Elf Beauty (ELF) to $150 from $110 and keeps a Buy rating on the shares. The firm came away from The Business of Fashion’s second volume of the “State of Fashion: Beauty” special report with incremental conviction in its Buy rating on Elf. Riley sees the company benefiting from key thematic trends, including consumers’ increasing prioritization of value. The analyst upped the price target after layering in the Rhode acquisition and to account for the “sentiment step-up” out of the Q4 earnings, plus tariff relief.
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Read More on ELF:
- Strategic Acquisition and Market Expansion Drive Buy Rating for e.l.f. Beauty
- Cautious Hold Rating for e.l.f. Beauty Amid Strong Sales Growth and Market Positioning
- Elf Beauty price target raised to $130 from $125 at Truist
- Elf Beauty price target raised to $145 from $110 at Baird
- Rhode Acquisition Raises the Stakes for e.l.f. Beauty Stock (ELF)
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