ELF - E.l.f. Beauty Stock Climbs Following Q4 Results: Analysts React | Benzinga
Several analysts have updated coverage on E.l.f. Beauty, Inc. (NYSE:ELF) on Thursday after the company reported better-than-expected financial results for the fourth quarter.
Analysts React: Piper Sandler named the stock as a "top pick" and highlighted the company's international growth opportunities and continued strength in the U.S. market after E.l.f. Beauty reported quarterly revenue growth of 71% year-over-year and $321.14 million in sales.
Piper Sandler's Korrine Wolfmeyer highlighted the company's expanding shelf space and noted that she expects profit margins to expand over the next year. The analyst maintained an Overweight rating on the stock and lowered the price target from $216 ...