ELF Price Prediction Next Week
Technical Analysis: Based on recent price action, ELF stock has shown significant weakness after its Q3 earnings report. The stock experienced a sharp decline following the company's lowered guidance for fiscal 2025.
Recent Price Movement:
- Last close: $173.98 (Feb 16)
- 5-day price range: $163.81 - $179.58
- Notable volume spike on earnings day with 3.05M shares traded
Earnings Impact & Guidance:
- Q3 Results:
- Revenue: $355.32M (+31% YoY)
- Adjusted EPS: $0.74 (flat YoY)
- Lowered FY2025 Guidance:
- Revenue: $1.30B-$1.31B (below $1.33B estimate)
- Adjusted EPS: $3.27-$3.32 (below $3.54 estimate)
Analyst Actions: Multiple analysts downgraded ELF following earnings:
- Morgan Stanley: Downgrade to Equal-Weight, PT cut from $153 to $70
- UBS: Downgrade to Neutral, PT cut from $158 to $74
- DA Davidson: Downgrade to Neutral, PT cut from $170 to $80
Next Week Price Prediction: Based on technical analysis and recent developments:
- Support levels: $165-$168
- Resistance levels: $175-$178
- Expected trading range: $165-$175
Price Target: $170 by end of next week
Recommendation: HOLD
- Current market sentiment remains bearish due to guidance concerns
- Wait for stabilization in price action before initiating new positions
- Key catalysts to watch: February scanner data release in 3-4 weeks
Key Risks:
- Potential impact from Chinese tariffs
- Slowdown in beauty category
- Reduced social media engagement
- Weaker performance of new product launches
ELF Similar Chart Price Prediction
The price of ELF is predicted to go up 1.49%, based on the high correlation periods with BOE. The similarity of these two price pattern on the periods is 98.94%.
ELF
BOE
Up: 1.49%Similarity: 98.94%
ELF Revenue Forecast
ELF EPS Forecast
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ELF Analyst's Forecast
Susan Anderson
Canaccord Genuity
Strong Buy
2025-02-07
Price Target
$174 → $105
Upside
+47.43%
Canaccord lowered the firm's price target on Elf Beauty to $174 from $200 and keeps a Buy rating on the shares. The firm lowered the target based on a lower multiple as they believe the company is beyond its peak growth stage where sales were growing 70%+ year-over-year and sales likely to grow at a very strong +15-20%+.
Anna Glaessgen
B. Riley Securities
Strong Buy
2025-02-07
Price Target
$150 → $90
Upside
+26.37%
Andrea Teixeira
JP Morgan
Buy
2025-01-16
Price Target
$154 → $163
Upside
+21.72%
