Stifel Maintains Hold on e.l.f. Beauty, Raises Price Target to $141
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Mark Astrachan has maintained a Hold rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $119 to $141. This adjustment reflects a more positive outlook on the company's future performance.
January 22, 2024 | 8:24 pm
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Stifel analyst Mark Astrachan has maintained a Hold rating on e.l.f. Beauty but raised the price target from $119 to $141, indicating a potential upside from the current trading price.
The increase in the price target by Stifel suggests that the analyst sees potential for e.l.f. Beauty's stock price to rise, which could positively influence investor sentiment and the stock's short-term performance. The Hold rating indicates that the analyst does not see significant downside risk at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100