Raymond James raises e.l.f. Beauty stock price target on strong results

Raymond James raised its price target for e.l.f. Beauty (NYSE:ELF) to $132, citing strong Q2 results. Sales rose 35% YoY, with EPS at $1.21, exceeding estimates. The company raised its full-year EPS outlook to $3.82-$3.86. ELF stock is up 91% over six months.

Original reporting
Published Nov 5, 2026, 9:28 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 5, 2026, 9:39 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
AlphAI market briefEarnings
Primary signal
$ELF
Bullish
high confidence
Mentioned
$ELF
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$ELFBullishMed
01

Why it matters

The earnings beat and raised guidance support a higher valuation outlook.

02

Market read

Strong earnings and analyst upgrade could drive ELF higher in the near term.

03

What to watch

Potential supply chain constraints in Europe could temper growth.

Relevance 7/10Novelty 7/10Timing: immediate after earnings release

Background

e.l.f. Beauty reported Q2 results that beat expectations, prompting analyst upgrades.

Company-level read

Ticker impact

$ELFBullishHigh confidence
Context

Raymond James raised its price target on e.l.f. Beauty to $132 and highlighted Q2 earnings beat and raised full-year EPS outlook.

Expected impact

likely upward pressure as investors price in higher earnings and target multiples.

Evidence & confidence

The price target increase and EPS guidance raise indicate better profitability, prompting buying interest.

Market effects

Positive signal for the cosmetics and personal care sector, may lift peers.

U.S. consumer discretionary stocks could see modest gains.

Limited to U.S. markets; no broader macro effect.

Counterpoint

If the price target is already baked in, the stock may face short-term profit taking.

Key entities

  • Raymond James

    Raised price target and upgraded rating on ELF.

  • e.l.f. Beauty

    Reported strong Q2 earnings and raised full-year outlook.

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