Elf Beauty price target raised to $95 from $80 at BofA

BofA raised the firm’s price target on Elf Beauty (ELF) to $95 from $80 and keeps a Buy rating on the shares. The firm expects fiscal Q4 results due on May 28 to be broadly in-line with guidance and expects FY26 sales guidance to start the year in the mid-single digit range given Elf’s “history of conservatism” and likelihood of a back-half weighted outlook for the fiscal year. However, the firm continues to expect low double digit percentage growth in FY26, the analyst added in a preview.