Raymond James Financial raised its price target on e.l.f. Beauty to $117.00 from $100.00. The firm maintained its strong-buy rating. The new target implies 13.8% upside from the stock’s previous closing price.
The company reported quarterly earnings of $1.75 per share, above the consensus estimate of $0.71. Revenue totaled $479.37 million, up 35.5% year over year.