e.l.f. Beauty: Near-Term Consumer Challenges, But Now A Long-Term Bargain

e.l.f. Beauty is reiterated as a buy after a strong fiscal Q4, with shares rebounding 9% post-earnings. ELF delivered 35% YoY revenue growth and a gross margin of 73%, beating consensus and issuing robust FY 2027 guidance. Valuation is compelling: ELF trades at a mid-teens P/E, with a $74 price target based on 22x $3.35 EPS, about $20 upside.