Morgan Stanley raised the firm’s price target on Elf Beauty (ELF) to $170 from $134 and keeps an Overweight rating on the shares. The firm is “modestly increasing” its EPS estimates by 1% for the second half of FY26 and 2% in FY27 to reflect a stronger expected contribution from rhode following its “record-breaking” Sephora launch, adding that visibility is building on the firm’s “far above consensus” FY27 view.
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:
- Dara Mohsenian’s Buy Rating for e.l.f. Beauty: Boosted by Rhode Brand Success and Strong U.S. Performance
- GAP, ELF, OPY: Small-Cap Stocks Hit Record Highs
- Elf Beauty price target raised to $160 from $135 at BofA
- e.l.f. Beauty: Strong Market Performance and Growth Justify Buy Rating
- Elf Beauty price target raised to $160 from $150 at B. Riley