Where Will e.l.f. Beauty Stock Be in 3 Years?
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e.i.f. Beauty (NYSE: ELF) has evolved into one of the world's fastest-growing cosmetics companies in the two decades since its founding. The American underdog, which went public eight years ago, carved out a niche by targeting younger shoppers with affordable products, online sales, and savvy social media campaigns. It also sold its products at more brick-and-mortar retailers, acquired smaller companies, and expanded internationally.If you had invested $1,000 in e.l.f. Beauty's initial public offering (IPO), your investment would be worth nearly $7,300 today. However, its stock has pulled back more than 30% over the past six months as investors fretted over its cautious near-term outlook. Let's see where its stock might be headed over the next three years.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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