ELF stock is a buy now
E.l.f. Beauty stock has dropped 21% this year and is down 48% from its record high of $218 in June. Despite this, Wall Street analysts remain optimistic about the company's growth.
TD Cowen analyst Oliver Chen lowered the price target from $235 to $150 but maintained a "Buy" rating. Chen attributes the stock's decline to lower-than-expected guidance for Q2 sales and EBITDA margin. E.l.f.’s affordable cosmetics, especially popular among younger consumers, benefit from a strong social media marketing strategy.
First-quarter revenue for fiscal 2025 reached $324.5 million.
Most analysts still rate the stock as a "Buy," including Canaccord Genuity’s Susan Anderson, who set a $250 price target. The company also approved a $500 million stock buyback program.
Long story short: the price entered the accumulation zone. Good buy for a mid-term /long-term.
TD Cowen analyst Oliver Chen lowered the price target from $235 to $150 but maintained a "Buy" rating. Chen attributes the stock's decline to lower-than-expected guidance for Q2 sales and EBITDA margin. E.l.f.’s affordable cosmetics, especially popular among younger consumers, benefit from a strong social media marketing strategy.
First-quarter revenue for fiscal 2025 reached $324.5 million.
Most analysts still rate the stock as a "Buy," including Canaccord Genuity’s Susan Anderson, who set a $250 price target. The company also approved a $500 million stock buyback program.
Long story short: the price entered the accumulation zone. Good buy for a mid-term /long-term.
💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.