Jefferies has increased its price target for Elf Beauty (ELF, Financial) from $75 to $115, maintaining a Buy rating on the stock after the company's recent quarterly sales, EBITDA, and EPS surpassed market expectations. Alongside these strong financial results, Elf Beauty announced a significant acquisition, purchasing Rhode for $1 billion. Rhode, established by Hailey Bieber, is known for its high-end skincare and color cosmetics, which analysts believe will enhance the ELF portfolio and offer substantial growth potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for e.l.f. Beauty Inc (ELF, Financial) is $94.94 with a high estimate of $120.00 and a low estimate of $70.00. The average target implies an upside of 4.90% from the current price of $90.50. More detailed estimate data can be found on the e.l.f. Beauty Inc (ELF) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, e.l.f. Beauty Inc's (ELF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for e.l.f. Beauty Inc (ELF, Financial) in one year is $202.83, suggesting a upside of 124.12% from the current price of $90.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the e.l.f. Beauty Inc (ELF) Summary page.
