The average price target of $105.28 for e.l.f. Beauty (NYSE:ELF) stock is slightly below the current price of $105.44, implying a slight downside. However, the average price target has increased by 15.62% over the past month, indicating that analysts are becoming more positive about the stock. This could lead to a neutral short-term impact on the stock price, as the slight downside is offset by the increasing price target.