On September 22,
e.l.f. Beauty IncELF priced its 8.33 million IPO at $17.00 a share. Of this, about 4.33 million shares were sold by selling stockholders. Since then, the stock has delivered returns of 39.5–70.12 percent to the shareholders.
Three weeks after the IPO, there are mixed ratings and price target on the stock among different brokerages.
The following brokerages ratings are bullish:
- Cowen expects e.l.f. to gain share in the industry. The firm sets Outperform rating and $32 as the target price.
- Piper Jaffray sets a price objective of $30 with an Overweight rating.
- William Blair initiated Outperform rating.
- SunTrust established a price target of $32 with a Buy rating.
The following brokerages have initiated industry perform ratings:
- Stifle: Hold.
- Wells Fargo: Market Perform.
- JPMorgan: Neutral and target price of $28.
- Morgan Stanley: Equal Weight and price objective of $28.
At last check, the stock traded at $27.25, up $0.27, or 1.00 percent.
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorLong IdeasNewsPrice TargetInitiationAnalyst RatingsMoversTrading IdeasCowenJPMorganMorgan StanleyPiper JaffrayStifleSunTrustWells FargoWilliam Blair
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