The Analyst Landscape: 10 Takes On e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
Over the past three months, 10 analysts have provided diverse ratings for e.l.f. Beauty (NYSE:ELF), with recent updates showing a mix of bullish and indifferent stances. The average 12-month price target has risen to $184.5, marking a 20.76% increase from the previous target. Analysts from firms like Piper Sandler and Morgan Stanley have raised their price targets, reflecting optimism about the company's financial performance, which includes significant revenue growth and strong profitability indicators such as a high net margin and ROE.
February 26, 2024 | 3:01 pm
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POSITIVE IMPACT
e.l.f. Beauty has received a mix of bullish and indifferent ratings from analysts, with an increased average 12-month price target of $184.5. The company's financial performance, including a revenue growth rate of 84.9% and a net margin of 9.92%, supports a positive outlook.
The positive analyst ratings and raised price targets reflect optimism about e.l.f. Beauty's financial health and market position. The significant revenue growth and profitability metrics, such as net margin and ROE, suggest a strong operational performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100