e.l.f. Beauty receives analyst upgrade to buy as stock outlook improves

e.l.f. Beauty has received an upgrade to "Buy" from analysts, indicating a positive shift in outlook. This change follows a period of stock volatility attributed to the company's conservative guidance. The recent correction in e.l.f. Beauty's stock is seen as justified, suggesting that the worst may be over for the company. Analysts believe the market overreacted to previous management forecasts. This upgrade marks a significant change from the previous assessment in August 2024, when concerns about the company's guidance led to stock fluctuations.