JP Morgan Maintains Overweight Rating for e.l.f. Beauty: Here's What You Need To Know

JP Morgan has decided to maintain its Overweight rating of e.l.f. Beauty ELF and raise its price target from $65.00 to $70.00.

Shares of e.l.f. Beauty are trading up 12.39% over the last 24 hours, at $65.76 per share.

A move to $70.00 would account for a 6.45% increase from the current share price.

About e.l.f. Beauty

e.l.f. Beauty Inc is a cosmetic company based in the United States. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out the sales within the US and internationally, out of which maximum revenue is generated from the US.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.