e.l.f. Beauty, Inc.

NYSE:ELF Stock Report

Market Cap: US$5.7b

e.l.f. Beauty Future Growth

Future criteria checks 3/6

e.l.f. Beauty is forecast to grow earnings and revenue by 28.3% and 8.3% per annum respectively. EPS is expected to grow by 39.9% per annum. Return on equity is forecast to be 14.6% in 3 years.

Key information

28.3%

Earnings growth rate

39.94%

EPS growth rate

Personal Products earnings growth27.3%
Revenue growth rate8.3%
Future return on equity14.58%
Analyst coverage

Good

Last updated11 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Sep 03

ELF: Rhode Expansion Will Support Future Upside Despite Price Resets

The analyst fair value estimate for e.l.f. Beauty has been raised from $94.00 to $123.00, reflecting updated views that factor in recent price target changes around $90 to $121, revised margin assumptions, and analyst confidence in the longer term contribution from haircare, Rhode, and broader retail expansion. Analyst Commentary Recent research on e.l.f. Beauty shows a generally constructive tone, with multiple bullish analysts revising price targets higher and pointing to specific growth drivers such as haircare, Rhode and retail expansion.
Narrative Update • Aug 14

ELF: Slower Core Demand And EPS Volatility Will Drive Margin Pressure

e.l.f. Beauty’s analyst fair value estimate has shifted higher from $50.00 to $71.73. This reflects a series of recent price target increases as analysts point to stronger Q1 results, updated long term guidance, and growing focus on new growth areas such as hair care and the Rhode brand.
Seeking Alpha • Aug 12

E.L.F. Beauty: There Is Room For Growth, But Rhode Is The Sole Driver

Summary e.l.f. Beauty delivered over 30% sales growth and strong margin expansion, marking its 30th consecutive quarter of net sales growth. Growth was driven entirely by pricing and the rhode brand, with core business experiencing high single-digit organic decline. ELF's debt load more than tripled year-over-year, introducing increased risk amid persistent high interest rates. I maintain a hold rating, seeing valuation as premium and awaiting broader-based growth and a better entry point around $50. Read the full article on Seeking Alpha
Narrative Update • Jul 31

ELF: Rhode And Haircare Rollout Will Support Recovery Despite Core Softness

Analysts have increased their fair value estimate for e.l.f. Beauty stock from $72.40 to $78.81. This reflects updated price targets that highlight views on stable consumption trends, product rollout in haircare, and ongoing momentum from the Rhode acquisition.
Narrative Update • Jul 17

ELF: Rhode Momentum And Price Resets Will Support Future Upside

The analyst fair value estimate for e.l.f. Beauty has been raised to $94 from $90, reflecting recent Street price target moves toward the low to mid-$90s range and updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels cited by analysts. Analyst Commentary Recent Street research on e.l.f. Beauty shows a wide range of opinions, but bullish analysts have been active in lifting price targets into the US$80 to US$94 area and highlighting specific growth drivers.
Narrative Update • Jul 01

ELF: Slower Core Demand And EPS Volatility Will Pressure Future Margins

The analyst price target for e.l.f. Beauty has been reset from $85 to $50. This change reflects a broad wave of Street revisions that emphasize slower core growth, EPS volatility following the Rhode acquisition, and a preference among analysts for greater earnings stability and margin support before expecting further upside.
Analysis Article • Jun 18

e.l.f. Beauty (ELF) Stock Could Be 14% Undervalued After e.l.f. Hair Launch

e.l.f. Beauty (ELF) has drawn fresh attention after launching e.l.f. Hair, a six product haircare line positioned as affordable prestige and distributed through TikTok Shop, direct to consumer channels, and Target. See our latest analysis for e.l.f. Beauty. The e.l.f. Beauty share price has pulled back recently, with a 1 day share price return showing a 6.95% decline, following a 30 day share price return of a 13.53% gain ahead of the e.l.f. Hair launch. The 1 year total shareholder return is...
Narrative Update • Jun 17

ELF: Rhode Expansion And Price Resets Will Support Future Upside

e.l.f. Beauty's analyst price target in this update shifts from $129.85 to $90.00 as analysts broadly reset expectations around valuation multiples and core cosmetics momentum, even as they highlight contributions from Rhode, skincare, and category expansions such as hair care. Analyst Commentary Recent research on e.l.f. Beauty highlights a mixed but constructive backdrop, with several firms trimming valuation assumptions while still pointing to earnings power from Rhode, skincare, and new categories like hair care.
Narrative Update • Jun 03

ELF: Rhode And Skincare Expansion Will Drive Recovery Despite Core Softness

Analysts have sharply reduced their price targets on e.l.f. Beauty, with the modelled fair value moving from about $103.40 to $72.40. Expectations for revenue growth, profit margins, and future P/E multiples are being reset following guidance that points to softer core cosmetics momentum, partly offset by strength in Rhode and skincare.
Narrative Update • May 18

ELF: Market Share And Q4 Consumption Trends Will Support Future Upside

Analysts have reduced the fair value estimate for e.l.f. Beauty from $135.00 to about $129.85. This reflects lower price targets across the Street as they factor in slower core business growth, rising competition and more cautious valuation multiples.
Narrative Update • Apr 30

ELF: Market Share And Q4 Consumption Trends Will Drive Future Upside

Analysts have lowered the fair value estimate for e.l.f. Beauty by $1 to $135, citing a wave of lower Street price targets and updated assumptions for revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent Street research shows a cluster of lower price targets, but the context behind those moves matters for how you think about e.l.f. Beauty’s valuation and execution risk.
Narrative Update • Apr 15

ELF: Raised 2026 Sales Outlook And Buybacks Will Support Future Upside

Analyst price targets on e.l.f. Beauty have moved lower, with the updated fair value estimate reduced from $111.71 to $103.40 as analysts factor in a slightly higher discount rate, modest adjustments to long term revenue growth and profit margin expectations, and a lower future P/E multiple following a series of recent target cuts and neutral views from major firms. Analyst Commentary Recent research highlights a mix of cautious valuation resets and more constructive views tied to underlying consumption data and market trends for e.l.f. Beauty.
Narrative Update • Mar 31

ELF: Market Share Gains And Raised Sales Outlook Will Support Upside

Analysts have trimmed their average price target on e.l.f. Beauty by about $2. This reflects updated views on slightly softer revenue growth and profit margins, partly offset by a higher assumed future P/E multiple and ongoing mixed signals in recent sales and consumption data.
Narrative Update • Mar 16

ELF: Raised Earnings Outlook Will Test Resilient Consumption And Margin Assumptions

Analysts kept the fair value estimate for e.l.f. Beauty at $85.00 while modestly adjusting assumptions, including a slightly lower discount rate, a small uptick in projected revenue growth and margins, and a marginally lower future P/E, reflecting mixed recent consumption trends and a range of updated price targets across the Street. Analyst Commentary Recent Street commentary on e.l.f. Beauty has been mixed, with some firms updating data and others revisiting their price targets and ratings as quarterly consumption trends and market share readings move around.
Narrative Update • Mar 02

ELF: Fair Outlook Weighs Weekly Sales Strength Against Margin And P E Risks

Analysts have made only a modest tweak to their blended price target for e.l.f. Beauty, with mixed $10 and $7 cuts alongside $4 and $6 raises and fresh bullish coverage, reflecting updated views on its revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent research on e.l.f. Beauty shows a split in sentiment, with some firms lifting price targets or starting coverage on a bullish footing, while others are trimming their expectations.
Narrative Update • Feb 16

ELF: Fair Outlook Balances Strong Weekly Sales With Moderating Margin Expectations

Narrative Update: e.l.f. Beauty Analyst Price Target Shift The analyst price target for e.l.f. Beauty has moved from $100 to $85 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E, while still pointing to supportive recent research around sales trends and generally constructive coverage. Analyst Commentary Recent Street research on e.l.f. Beauty shows a mix of optimism and caution, with several firms adjusting price targets in both directions and updating their assumptions on growth, margins and P/E levels.
Narrative Update • Feb 02

ELF: Market Share And Weekly Sales Trends Will Drive Future Upside

Analysts now place fair value for e.l.f. Beauty at $136.00, down from $150.00, as they balance lower target multiples with slightly firmer assumptions on growth, margins and discount rates following a mix of price target cuts and raises across recent research updates. Analyst Commentary Recent research on e.l.f. Beauty reflects a mix of reduced target prices and reaffirmed positive views on execution, market share, and long term growth potential.
Narrative Update • Jan 19

ELF: Market Share Gains And Shipment Normalization Will Support Future Upside

Analysts have trimmed their price targets on e.l.f. Beauty, nudging the fair value estimate down by about $2 to $113.77 per share. They are factoring in slightly lower revenue growth assumptions, a modestly reduced future P/E multiple, and mixed Q2 results that included shipment timing headwinds alongside resilient underlying sales trends.
Narrative Update • Jan 05

ELF: Ongoing Market Share Gains Will Likely Outlast Shipment Timing Volatility

Analysts trimmed their fair value estimate for e.l.f. Beauty to about $115 per share, down from roughly $122, reflecting reduced price targets across the Street after mixed Q2 results, shipment timing issues, softer guidance, and a slightly lower projected revenue growth, profit margin, and future P/E multiple. Analyst Commentary Street research around e.l.f. Beauty following Q2 has shifted to slightly lower fair value estimates, but most firms still see room for execution on growth initiatives and eventual normalization of shipment patterns.
Narrative Update • Dec 15

ELF: Strong Margins And Market Share Gains Will Support Future Upside

The Analyst Price Target for e.l.f. Beauty has been reduced from $105.00 to $100.00 as analysts temper revenue growth assumptions and apply a higher discount rate, while still citing solid margins and underlying demand as support for a Buy rating. Analyst Commentary Bearish analysts have trimmed price targets across the coverage universe as mixed Q2 results, softer shipment trends, and a more subdued medium term growth outlook weigh on previous upside scenarios.
Narrative Update • Nov 30

ELF: Ongoing Market Share Gains Will Likely Support Future Upside

Analysts have trimmed their price targets on e.l.f. Beauty, with the consensus moving notably lower from prior levels. They cite the company's mixed second quarter results, conservative guidance, and recent valuation pressures as rationale for the adjustment.
Narrative Update • Nov 16

ELF: Underlying Sales Momentum And Margin Gains Will Likely Drive Outperformance

Analysts have lowered their average price target for e.l.f. Beauty from approximately $153 to $122, citing weaker-than-expected quarterly sales, shipment timing issues, and cautious management guidance. This is occurring despite continued strong U.S. consumption trends.
Narrative Update • Nov 01

ELF: Expanding Global Footprint And Sephora Launch Will Drive Future Upside

e.l.f. Beauty's analyst price target has been modestly increased from approximately $150.79 to $152.93 as analysts anticipate stronger sales contribution from Rhode following its successful launch and continued growth opportunities for the company. Analyst Commentary Recent Street research on e.l.f. Beauty reveals a mix of optimism and caution from the analyst community as they evaluate the company's recent performance, the impact of the high-profile Rhode launch, and future growth prospects.
Narrative Update • Oct 18

International Expansion And Sephora Rollout Will Elevate Brand Position

Analysts have raised their average price target for e.l.f. Beauty from approximately $142.79 to $150.79. They cite improved sales outlooks and contribution from new brand launches, particularly Rhode, as well as strong execution across key growth initiatives.
Narrative Update • Oct 04

International Expansion And Sephora Rollout Will Elevate Brand Position

Analysts have modestly raised their fair value target for e.l.f. Beauty to $142.79 per share from $139.71. This adjustment is based on expectations for incremental sales growth driven by recent price increases, product innovation, and strong channel trends.
Narrative Update • Sep 05

International Expansion And Sephora Rollout Will Elevate Brand Position

Analysts have raised e.l.f. Beauty’s price target slightly to $135.29 as optimism around easier comps, sustained market share gains, tariff mitigation, and expected gross margin improvement is moderated by near-term margin pressures and cautious guidance. Analyst Commentary Bullish analysts see multiple tailwinds including easier year-over-year comps beginning mid-July and continued share gains in the mass cosmetics category.

Earnings and Revenue Growth Forecasts

NYSE:ELF - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20292,310189N/A2946
3/31/20282,12713325228518
3/31/20271,96411723726118
6/30/20261,76260280297N/A
3/31/20261,63626190213N/A
12/31/20251,520104215246N/A
9/30/20251,38682142172N/A
6/30/20251,34398135160N/A
3/31/20251,314112115134N/A
12/31/20241,302982535N/A
9/30/20241,2181082332N/A
6/30/20241,1321224049N/A
3/31/20241,0241286271N/A
12/31/20238901296167N/A
9/30/2023766122108110N/A
6/30/20236731009395N/A
3/31/202357962100102N/A
12/31/2022497477981N/A
9/30/2022448346062N/A
6/30/2022418284043N/A
3/31/2022392221520N/A
12/31/2021380202835N/A
9/30/2021370181927N/A
6/30/2021351131725N/A
3/31/202131862329N/A
12/31/2020300628N/A
9/30/2020292102431N/A
6/30/2020288163643N/A
3/31/202028318N/A44N/A
12/31/20192740N/A46N/A
9/30/20192722N/A46N/A
6/30/2019268-1N/A60N/A
3/31/2019268-3N/A59N/A
12/31/201826716N/A56N/A
9/30/201827027N/A54N/A
6/30/201827829N/A47N/A
3/31/201827532N/A39N/A
12/31/201727033N/A12N/A
9/30/201726519N/A-7N/A
6/30/2017249-361N/A-24N/A
3/31/2017237-461N/A-31N/A
12/31/2016230-498N/A2N/A
9/30/2016219-544N/A24N/A
6/30/2016213-175N/A27N/A
3/31/2016205-80N/A38N/A
12/31/2015191-48N/A25N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELF's forecast earnings growth (28.3% per year) is above the savings rate (3.7%).

Earnings vs Market: ELF's earnings (28.3% per year) are forecast to grow faster than the US market (17.2% per year).

High Growth Earnings: ELF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ELF's revenue (8.3% per year) is forecast to grow slower than the US market (13.4% per year).

High Growth Revenue: ELF's revenue (8.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ELF's Return on Equity is forecast to be low in 3 years time (14.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 04:26
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

e.l.f. Beauty, Inc. is covered by 25 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark AltschwagerBaird
Cristian Rios MartinezBernstein
Shannon CoyneBMO Capital Markets Equity Research