Raymond James Maintains Strong Buy on e.l.f. Beauty, Raises Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Olivia Tong has reaffirmed a Strong Buy rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $140 to $180. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from its current trading levels.
January 22, 2024 | 9:31 am
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Raymond James analyst has maintained a Strong Buy rating on e.l.f. Beauty and raised the price target to $180, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst firm like Raymond James typically instills confidence in investors and can lead to a short-term increase in the stock price. The Strong Buy rating reaffirms the positive sentiment towards e.l.f. Beauty's market position and growth prospects.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100