Critical Insights From e.l.f. Beauty Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
e.l.f. Beauty (NYSE:ELF) has received diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $195.36, indicating a 22.1% increase from the previous target. Analysts from firms like TD Cowen, DA Davidson, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. e.l.f. Beauty's financial performance shows strong market presence, revenue growth, profitability, and financial health, with significant achievements in market capitalization, net margin, ROE, ROA, and a conservative debt management approach.
March 13, 2024 | 3:01 pm
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POSITIVE IMPACT
e.l.f. Beauty has seen a positive shift in analyst ratings with an increased average price target of $195.36, reflecting a bullish outlook. The company's strong financial performance and market presence are likely to support this positive sentiment.
The increase in the average price target to $195.36, along with positive financial indicators such as revenue growth of 84.9%, a net margin of 9.92%, and exceptional ROE and ROA, suggests a strong bullish sentiment among analysts. This, combined with the company's solid market capitalization and conservative debt management, underpins the positive short-term impact on ELF's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100