E.l.f. Beauty Stock Climbs Following Q4 Results: Analysts React
Portfolio Pulse from Erica Kollmann
E.l.f. Beauty, Inc. (NYSE:ELF) reported better-than-expected Q4 results, leading to positive analyst reactions. Piper Sandler, Truist Securities, and BofA Securities maintained positive ratings but adjusted price targets. Despite initial dips, ELF shares rose 20.1% to $186.93.
May 23, 2024 | 4:14 pm
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E.l.f. Beauty reported strong Q4 results with 71% YoY revenue growth and $321.14 million in sales. Analysts from Piper Sandler, Truist Securities, and BofA Securities maintained positive ratings but adjusted price targets. Despite initial dips, ELF shares rose 20.1% to $186.93.
E.l.f. Beauty's strong Q4 results and positive analyst reactions are likely to boost investor confidence. The company's significant revenue growth and market share gains, along with maintained positive ratings, suggest a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100