A really exciting takeover 👌
$ELF (-2,33 %) Price target increase - Jefferies raised from $115 to $150. The Rhode acquisition was cited as a key factor in the increased valuation, and several growth catalysts were also mentioned, including distribution through Sephora ($MC (-1,04 %) ), new product launches and improving web traffic.
Jefferies emphasized that Rhode is the No. 1 beauty brand globally in terms of earned media value growth, with less than 1% of social media content being sponsored.
Low double-digit percentage growth to Elf Beauty's earnings per share in FY26, with projected Rhode revenues of $240m
