Piper Sandler lowered the firm’s price target on Elf Beauty (ELF) to $90 from $102 on the softer FY’26 estimates and an unchanged 17-turns EV/EBITDA multiple. The firm keeps an Overweight rating on the shares following a recent catch-up with Elf and investor conversations. Piper maintains its stance that international should be a meaningful driver and push growth well ahead of where the tracked channels are signaling.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELF:
- E.l.f. Beauty call volume above normal and directionally bullish
- e.l.f. Beauty: Hold Rating Amidst Modest Sales Growth and Stable Market Share
- Elf Beauty price target lowered to $75 from $80 at DA Davidson
- Overstated Revenue Gets Ugly for e.l.f. Beauty
- e.l.f. Beauty (NYSE:ELF) Scores with Women’s Soccer Goals