What the Options Market Tells Us About e.l.f. Beauty
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards e.l.f. Beauty (NYSE:ELF), with 62% of trades being bearish. Significant investors are targeting a price range of $110 to $240. Despite this, analysts maintain a Buy rating with a consensus target price of $192.2.

September 13, 2024 | 5:08 pm
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NEGATIVE IMPACT
The options market indicates a bearish sentiment towards e.l.f. Beauty, with 62% of trades being bearish. However, analysts maintain a Buy rating with a consensus target price of $192.2, suggesting potential upside.
The options market shows a significant bearish sentiment with 62% of trades being bearish, indicating potential short-term downside. However, analysts maintain a Buy rating with a target price of $192.2, suggesting potential long-term upside. The mixed signals from options traders and analysts create uncertainty, but the immediate impact is likely negative due to the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100