Elf Beauty drops; stock could remain volatile, says J.P. Morgan

e.l.f. Beauty

06/08/2026 09:57

** Shares of Elf Beauty ELF.N fall 2.77% to $83.98 premarket
** Co raises fiscal 2027 net sales outlook to $1.94 bln to $1.97 bln from previous forecast of $1.84 bln to $1.87 bln
** Co raises annual adjusted profit to a range of $3.50 to $3.55 per share, from previous projection of $3.27 to $3.32 per share
** Growth in international markets helped offset softer spending by U.S. consumers grappling with persistent inflation, co says
** However, stock could remain volatile due to slower growth expected in H2 - J.P. Morgan
** Says, this reflects co's conservative outlook despite ongoing growth initiatives such as product innovation, distribution expansion and international growth
** 12 of 18 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $85 - LSEG-compiled data
** As of last day's close, stock up 13.5% YTD

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((mail to: Kanishka.Ajmera@thomsonreuters.com))