Elf Beauty price target lowered to $90 from $150 at B. Riley

B. Riley analyst Anna Glaessgen lowered the firm’s price target on Elf Beauty (ELF) to $90 from $150 and keeps a Buy rating on the shares. The stock is indicating sharply downward post earnings as investors digest the updated fiscal year guidance which reflects a demand slowdown at the turn of the calendar year, the analyst tells investors in a research note. The firm reduced Q4 estimates to reflect the updated near-term demand outlook, and trimmed fiscal 2026 estimates as it assumes sequential recovery from the Q4 sales run-rate through the year.

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