e.l.f. Beauty To Gain From Bold Expansion Efforts Internationally - Analysts Weigh In
Portfolio Pulse from Nabaparna Bhattacharya
e.l.f. Beauty, Inc. (NYSE:ELF) reported strong first-quarter results and raised its fiscal year outlook, expecting a 25%-27% year-over-year increase in net sales. Analysts provided mixed ratings, with price forecasts ranging from $161 to $260. The company is expanding internationally, entering new markets like Australia and Germany.
August 09, 2024 | 5:56 pm
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e.l.f. Beauty raised its fiscal year outlook, expecting a 25%-27% YoY increase in net sales. Analysts provided mixed ratings, with price forecasts ranging from $161 to $260. The company is expanding internationally, entering new markets like Australia and Germany.
The raised fiscal year outlook and international expansion are positive indicators for e.l.f. Beauty. Despite mixed analyst ratings, the overall sentiment leans towards growth, with price targets suggesting potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100