Raymond James raises e.l.f. Beauty price target to $117 on major European retail expansion.

Raymond James increased its price target for e.l.f. Beauty from $100 to $117, reflecting the brand's significant retail expansion. e.l.f. Beauty's rhode brand is launching in over 500 Sephora stores across 19 new European markets, marking its first retail presence in these regions. This expansion builds on previous successful launches in the U.S., Canada, and the U.K. The stock currently trades around $102.76, with a market cap of about $6.06 billion, and has potential upside of nearly 14% to the new target.

e.l.f. Beauty shares are currently trading at USD 105.44 on Pluang, up 4.43% in the last day, showing strong buying interest with 100% buy orders. The market cap stands at $5.96 billion, slightly below the article's figure, as of Oct 02, 2026 02:21 WIB.