TD Cowens Cuts Target on e.l.f. Beauty (ELF) to $100

e.l.f. Beauty Inc. (NYSE:ELF) is 1 of the 13 High-Risk High-Reward Growth Stocks to Invest In.

On February 9, TD Cowen trimmed its people terms connected e.l.f. Beauty by 9.1% to $100 (from $110), portion retaining its Buy proposal connected the stock. Oliver Chen, the expert from TD Cowen who made this update, said that this TP alteration was prompted by an update of his forecast, pursuing the merchandise of Elf Beauty’s Q3-FY2026 results. He added that portion Q3 income grew 38% YoY, helium expects gross maturation to taper disconnected to the debased azygous digits moving forward.

ELF released its Q3-FY2026 results connected February 4, which were headlined by the 38% YoY nett income growth. The palmy motorboat of its “rhode” marque successful Sephora successful the U.K. contributed the bulk of this growth, to the tune of 36 percent points. The remaining 2 percent points were attributed to terms increases successful its existing merchandise lines. This maturation decomposition implies that determination was virtually nary integrated measurement growth, which is apt what Oliver Chen utilized arsenic a ground erstwhile helium said that helium expects gross maturation to instrumentality to the debased azygous digits successful the coming years.

ELF’s absorption besides presented its guidance for the remainder of the fiscal year. They present expect full-year nett income to scope $1,600 cardinal to $1,612 cardinal (vs. their archetypal outlook of $1,550 cardinal to $1,570 million), which would correspond an 18.0% to 19.5% YoY mean maturation for the fiscal year. They expect “rhode” to lend $260 cardinal to $265 cardinal to revenue.

e.l.f. Beauty Inc. (NYSE:ELF) is simply a beauty/cosmetics company, providing eye, lip, and tegument attraction products done its brands: e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, Key Soulcare, and (most recently) rhode.

While we admit the imaginable of ELF arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 12 Best Cheap Stocks to Buy Right Now and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.