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Fly News Breaks for August 8, 2019
ELF
Aug 8, 2019 | 09:33 EDT
SunTrust analyst William Chappell raised his price target on e.l.f. Beauty to $20 and kept his Buy rating after its Q1 earnings beat and raised guidance. The analyst also believes that the updated outlook remains conservative based on the company's increase in marketing spending and his scanner data trends. Chappell further notes that his new price target implies a 20-times expected FY21 EBITDA multiple, which is in line with e.l.f. Beauty's consumer growth peers.
News For ELF From the Last 2 Days
ELF
Apr 17, 2024 | 16:32 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
ELF
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
ELF
Apr 17, 2024 | 09:43 EDT
ELF
Apr 17, 2024 | 06:59 EDT
TD Cowen analyst Oliver Chen upgraded e.l.f. Beauty to Buy from Hold with a price target of $190, down from $220. The analyst sees potential for e.l.f. to double its business by fiscal 2027 with shelf space and international expansion as the driving forces. The firm sees the company's new product innovations boosting overall growth at key franchises like Halo and Putty. It calls e.l.f. a "structural growth story with robust growth drivers" and expects the stock's valuation multiple to re-rate higher.
