ELF Should I Buy
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e.l.f. Beauty Inc. is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has demonstrated strong financial growth and raised guidance, the recent price decline, bearish technical indicators, and mixed sentiment from analysts suggest a wait-and-see approach is more prudent. The stock may stabilize or present a better entry point in the near future.
The stock shows bearish momentum with a MACD histogram of -1.559, RSI at 33.915 (neutral zone), and bearish moving averages (SMA_200 > SMA_20 > SMA_5). Support is at $74.295, and resistance is at $91.011. The stock is currently trading near its support level, indicating potential downside risk.
Strong Q3 financial performance with 38% YoY revenue growth and 128.12% YoY net income growth.
Raised fiscal 2026 sales guidance.
Analysts maintain mostly Buy or Outperform ratings, with price targets ranging from $85 to $115.
Recent 3.24% regular market decline and 8.15% drop post-Q3 earnings due to profit-taking.
Poor reception of Super Bowl ad, which could impact brand engagement.
Bearish technical indicators and range-bound trading sentiment.
In Q3 2026, e.l.f. Beauty reported a 37.76% YoY revenue increase to $489.5 million, a 128.12% YoY net income increase to $39.38 million, and a 116.67% YoY EPS increase to $0.65. However, gross margin slightly declined by 0.42% YoY to 70.99%.
Analysts have mixed updates. While most maintain Buy or Outperform ratings, some have lowered price targets due to normalized growth expectations. Price targets range from $85 to $115, with a consensus that shares may remain range-bound in the near term.
