ELF Maintained by Citigroup -- Price Target Raised to $118

Bernstein raised its price target for e.l.f. Beauty (NYSE:ELF) to $127, citing strong fundamentals and a channel model for long-term growth. The target suggests 38% upside from the current price of $92.20. Other analysts have also upgraded ELF, citing strong earnings and revenue growth, particularly from the Rhode brand.

Chipotle (CMG) expanded internationally via partnerships, opening in South Korea and Mexico. It plans further Asian expansion. Domestically, it relaunched rewards to combat softer sales. e.l.f. Beauty (ELF) launches rhode in Europe, targeting a large existing social media following. Both companies aim for long-term growth through international markets.

e.l.f. Beauty (ELF) shares rose 4.9% after its brand, rhode, announced a European launch at Sephora. The collection will be available in 19 countries starting September 30, 2026. Investors see this as a potential catalyst for growth. Shares later settled at $108.67, up 4.5%. ELF's stock has been volatile, with a 32.6% drop in October 2025 due to mixed earnings and weak guidance.

e.l.f. Beauty (ELF) shares rose 4.69% on Monday after announcing the European expansion of its Rhode brand via Sephora in 19 countries. The company reported Q1 net sales of $479.4M, up 36% YoY, and EPS of $1.75, exceeding estimates. Management highlighted market share gains and global growth potential.

e.l.f. Beauty Inc. (ELF) stock rose 5.1% after strong earnings and upbeat guidance. Analysts like Canaccord raised targets to $123, citing robust demand and growth. ELF trades at 106x earnings, with Q2 revenue of $479.4M and net income of $66.6M. Viral product demand and state fair activations also drive momentum.

e.l.f. Beauty Inc. (ELF) shares rose 5.3% after strong earnings and upbeat guidance. Analysts raised price targets, with Canaccord setting a $123 target. Revenue was $479.4M, gross margin 74.4%, and net income $66.6M. The company's viral lip balm relaunch and marketing efforts support growth.