Deutsche Bank initiated coverage of Elf Beauty (ELF) with a Hold rating and $133 price target representing 3% downside to recent trading levels. The firm sees Elf’s current valuation as “fairly full,” while acknowledging ongoing sales and earnings growth opportunities across color cosmetics, skin care, and overseas. While the company’s opportunities ahead are attractive and likely sizable, there is risk in Elf being primarily dependent on a relatively narrow demographic and facing perennially stiff competition, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ELF:
- Unusually active option classes on open November 25th
- E.L.F. Beauty (NYSE:ELF) Responds to Claims Made in Short Report
- Elf Beauty short report ‘holds no water,’ says Canaccord
- Elf Beauty selloff on ‘flawed’ short report an opportunity, says JPMorgan
- Notable open interest changes for November 21st
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
%20Stock%20Price%2C%20Quote%2C%20News%20%26%20History%20%7C%20Nasdaq&_biz_n=0&rnd=998382&cdn_o=a&_biz_z=1741120282305)
