e.l.f. Beauty: Bank of America Boosts Price Target

e.l.f. Beauty's stock price surged after Bank of America reaffirmed its buy rating, boosting the price target by 18.5%. While the stock closed nearly 3% higher, hitting a new 52-week high, its history of volatility suggests the analyst update alone isn't a game-changer. Long-term investors have seen massive returns, and with strategic acquisitions and AI initiatives, e.l.f. is poised to remain a beauty industry leader, but can they maintain their momentum? Hosted on Acast. See acast.com/privacy for more information.