Check Out What Whales Are Doing With ELF
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards e.l.f. Beauty (NYSE:ELF), with options activity suggesting a target price range of $165 to $230. The company's stock is currently down by -3.53%, trading at $185.2. Analyst ratings are generally positive, with a consensus target price of $222.5. The largest options trades indicate a bullish outlook, with significant investments in calls. e.l.f. Beauty's anticipated earnings release is in 50 days, and current RSI readings hint at a potential oversold condition.
April 02, 2024 | 3:31 pm
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e.l.f. Beauty has seen significant bullish options activity, with a target price range of $165 to $230. Analyst consensus target price is $222.5. The stock is currently down by -3.53%, trading at $185.2.
The bullish sentiment from both deep-pocketed investors and analysts, combined with the current dip in stock price, suggests a potential short-term recovery. The significant options activity and the upcoming earnings release further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100