ELF is trading at $50.48 (-4.71%) as the company prepares to report its Q4 fiscal 2026 earnings after the bell today. The decline follows recent price target cuts from Wall Street analysts.
- Analyst Caution: Piper Sandler trimmed its price target on e.l.f. to $60 from $85, and Canaccord Genuity also lowered its target to $100 from $121, citing concerns about intensifying competition. [1, 2]
- Earnings Expectations: Wall Street expects the company to report revenue of approximately $423 million and adjusted EPS of around $0.23-$0.29. [2, 5, 7]
- Market Context: The stock is trading lower despite a slightly positive day for the broader market, indicating the pressure is company-specific. [2, 9]