Canaccord analyst Susan Anderson previewed the upcoming quarterly results for e.l.f. Beauty and they remain bullish on the shares due to continued strong demand across the entire portfolio. They continue to gain market share but all eyes will be on 2025 guidance which Canaccord is expecting to guide typically conservative with the top line potentially in the teens range. Canaccord reiterated its Buy rating and $214 price target on e.l.f. Beauty shares.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- ELF Earnings this Week: How Will it Perform?
- e.l.f. Beauty price target lowered to $216 from $228 at Piper Sandler
- E.l.f. Beauty put volume heavy and directionally bearish
- E.l.f. Beauty call volume above normal and directionally bullish
- Duolingo, e.l.f. bet big on TikTok, now app could be banned, Barron’s says