Elf Beauty up after Morgan Stanley raises PT citing Rhode skincare performance

e.l.f. Beauty

08/10/2025 14:46

Updates

** Shares of cosmetics maker Elf Beauty ELF.N shares up ~3% at $145.50

** Morgan Stanley raises PT to $170 from $134, citing strong performance of Rhode skincare line following its "record-breaking" launch at Sephora stores

** "We see Rhode as a high-growth, high-margin complement to ELF's core portfolio" - MS

** Fourteen of 17 brokerages rate stock "buy" or higher, 3 "hold"; median PT is $150 - data compiled by LSEG

** Up to last close, ELF shares up nearly 12% YTD

(Reporting by Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))