Name of opportunity: 👀
e.l.f Beauty, Inc.
Official sponsor for the NWSL ⚽
E.l.f Beauty has risen in price by 9.72% in the past day, which might be because of the recent announcement that e.l.f Beauty will be the official makeup and skincare brand associated with the National Women's Soccer League (NWSL).
E.l.f Beauty is a growth stock, and is currently performing well with strong revenue, profits, and driven by healthy margins. Analysts are currently recommending this stock as a ‘buy’ - could e.l.f Beauty be the next addition to your portfolio?
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of e.l.f Beauty might increase from $70.68 to $189.38 in the next 12 months. If you invested $1000, you might profit $1679.47.
E.l.f Beauty being the official makeup and skincare brand for the NWSL might be one of the main driving factors behind the price increase of this stock. This is because partnering with the NWSL is a positive move for e.l.f, as it naturally aligns with the company’s target audience of young women, and aligns with e.l.f’s strong ethos towards diversity and inclusion.
This sponsorship deal has the aim of empowering women in sports, which supports e.l.f Beauty’s brand mission of connecting people through inclusion and accessibility. As this deal supports women’s accessibility into sports. This partnership might have attracted investors and created a positive sentiment for the company.
E.l.f Beauty is currently recovering from a dip over the past 6 months, which might have been because of a class action lawsuit that was made against them last year. This January, a California federal judge ruled that e.l.f’s “Lash 'N Roll” mascara did not infringe the rights of Benefit Cosmetics, who said that it was a dupe of their own product.
Affordable cosmetics brand 💄
E.l.f Beauty is an American cosmetics brand that, according to the company, makes 100% cruelty-free products. The company is headquartered in Oakland, California, US.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’
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