Canaccord lifts target to USD 137 for e.l.f. Beauty stock

Published on 10/24/2026 at 19:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

e.l.f. Beauty reports on November 4, 2026. ELF stock closed at EUR 103.20 on October 23, 2026, up 1.57 percent on Tradegate.

Target and reporting date

Canaccord raised its e.l.f. Beauty price target from USD 123.00 to USD 137.00 on October 22, 2026.
e.l.f. Beauty will discuss second-quarter fiscal 2027 results on November 4, 2026.
ELF stock closed at EUR 103.20 on Tradegate on October 23, 2026, up 1.57 percent.
First-quarter fiscal 2027 revenue reached USD 479.37 million, up 35.50 percent year over year.

ELF, US26856L1035, Illustration mit AI erstellt.

Canaccord raised its e.l.f. Beauty price target from USD 123.00 to USD 137.00 on October 22, 2026, while maintaining a Buy rating, according to Markets Insider. The target is 19.93 percent above the last NYSE trade of USD 114.24 on October 23, 2026. The euro quotation last closed at EUR 103.20 on Tradegate on October 23, 2026, up 1.57 percent.

Revenue growth sets the backdrop

e.l.f. Beauty generated USD 479.37 million in revenue in the first quarter of fiscal 2027, up 35.50 percent from the same period a year earlier. Net income reached USD 66.60 million and diluted earnings per share were USD 1.12 for the quarter ended June 30, 2026. These figures are reported by GreekSoup from the company's filing.

Price position ahead of results

The NYSE quote stood at USD 114.24 on October 23, 2026 at 4:00 p.m. EDT, with a session range of USD 112.83 to USD 116.25. The 52-week range was USD 48.82 to USD 132.37, placing the last trade 13.73 percent below the high. Trading volume was 1,015,933 shares, while the market capitalization was USD 6.7 billion.

Market value and November 4

e.l.f. Beauty is scheduled to discuss second-quarter fiscal 2027 results on November 4, 2026, at 4:30 p.m. Eastern Time. The date was announced by the company in a release carried by Business Wire on October 21, 2026. That report will give investors a fresh test of the 35.50 percent revenue growth achieved in the first quarter.

Comparison with peers

e.l.f. Beauty: up 1.57 percent on Tradegate, market capitalization USD 6.7 billion. The Estee Lauder Companies (NYSE, USD): up 0.88 percent, market capitalization USD 39.4 billion. The Clorox Company (NYSE, USD): down 2.55 percent, market capitalization USD 10.4 billion.

What the target implies

Canaccord's USD 137.00 target sits above the USD 114.24 NYSE trade, leaving a measurable valuation gap before the November 4 results date. The company's first-quarter revenue growth and earnings figure provide the operating benchmarks for that discussion.

The last available euro quotation closed at EUR 103.20 on Tradegate on October 23, 2026, up 1.57 percent on the venue. The further course of trading is shown by the continuously updated real-time quote of e.l.f. Beauty stock.