e.l.f. Beauty is trading 4.00% higher at $112.46, with recent analyst target increases appearing to support shares.
- Citi raised its target to $130 from $118 and maintained a Buy rating; Baird and Raymond James also raised their targets.
- The move contrasts with a mixed-to-weaker market backdrop, including a 0.57% decline in the Nasdaq Composite.
- No new company announcement explaining the October 15 move surfaced in the available results.