An analyst at B. Riley has reduced the firm’s price target on Elf Beauty (ELF) to $90, down from a previous target of $150. The analyst maintains a Buy rating on the stock, citing concerns over sharply downward post-earnings guidance. According to the analyst, investors are digesting updated fiscal year guidance that reflects a slowdown in demand at the turn of the calendar year. This has led to reduced Q4 estimates and trimmed fiscal 2026 estimates.
The updated guidance suggests a sequential recovery from the current sales run-rate throughout the year, but this may not be enough to offset concerns over the company’s near-term performance. As a result, investors should closely monitor Elf Beauty’s stock as it adjusts to the new forecast.
Source: https://finance.yahoo.com/news/elf-beauty-price-target-lowered-141125389.html