E.l.f. Beauty Growth Prospects Still Strong Despite Stock Drop, Analysts Contend
• Analysts defend E.l.f. Beauty after recent stock drop, calling the slide "overblown" and seeing growth opportunities ahead • While Ulta CEO cites beauty demand slowdown, he still calls E.l.f. a "real growth driver" for Ulta in affordable beauty • Analysts highlight E.l.f.'s expansion in mass retail and international as growth drivers • E.l.f. recently opened first European office in London to boost international growth • E.l.f. raises full-year sales and earnings guidance on continued business momentum