(That is CNBC Professional’s reside protection of Tuesday’s analyst calls and Wall Avenue chatter. Please refresh each 20-Half-hour to view the most recent posts.) An actual property information inventory and a magnificence firm had been among the many firms being talked about by analysts on Tuesday. JMP Securities reiterated its market outperform ranking on CoStar Group, with its value goal implying upside of practically 50%. Canaccord Genuity, in the meantime, raised its value goal on Elf Magnificence. Try the most recent calls and chatter under. All instances ET. 6:30 a.m.: Piper Sandler nonetheless bullish on Celsius Holdings The sell-off in Celsius Holdings is “overdone,” says Piper Sandler. The power drink firm is down greater than 40% from its March highs, placing it simply 7.2% larger yr so far. Regardless of the pullback in shares, the agency stays assured in Celsius’ development outlook. Analyst Michael Lavery reiterated his obese ranking and $90 value goal on shares, which suggests a 50% achieve from Monday’s shut. “We proceed to imagine in CELH’s sustainable, volume-driven gross sales development, which is decelerating from its current hyper-growth ranges to nonetheless very strong development, simply as we had anticipated, however we proceed to see an extended runway of additional development in each the US and internationally,” Lavery wrote in a Monday word. To make sure, Celsius is seeing peculiar retail development volatility on a short-term foundation; nevertheless, the two-year common development price is steady, Lavery famous. The corporate launched in Canada, the UK and Eire earlier in 2024, with extra abroad expansions scheduled within the fourth quarter. — Hakyung Kim 6:03 a.m.: Elf Magnificence has practically 30% upside, says Canaccord Genuity Elf Magnificence is primed for robust development forward, in response to Canaccord Genuity. Shares of the wonder firm have already surged 35.4% this yr — and in response to the agency’s new $250 value goal, up from $214, the inventory may climb an extra 27.9% from Monday’s shut. The corporate is “doing elf-ing effectively,” analyst Susan Anderson wrote in a Monday word. “Total, we nonetheless imagine ELF is within the early innings of its development story because the model nonetheless lags the legacy manufacturers round model recognition and even shelf area relying on the channel.” Anderson famous that Elf’s administration has traditionally been conservative with steering, which means that the corporate is prone to outperform in its 2025 fiscal yr gross sales and worldwide phase. The corporate’s upcoming Walmart partnership may end in an extra $160 million in gross sales, in response to the analyst. “Along with the Walmart shelf-space growth that we imagine may show to be a good greater greenback contributor than the current successes at Goal, ELF can be persevering with to develop at break-neck tempo within the on-line channel and internationally,” stated Anderson. — Hakyung Kim 6:03 a.m.: CoStar Group to rally practically 50%, JMP Securities says JMP Securities thinks CoStar Group , an actual property information and analytics firm, is primed for robust beneficial properties forward. Analyst Nicholas Jones reiterated his market outperform ranking on the inventory together with a $110 value goal. That forecast implies upside of 49% over the subsequent 12 months. Shares have struggled this yr, dropping 16%. CSGP YTD mountain CSGP yr so far Nonetheless, Jones stated he’s extra assured on the corporate’s future following a gathering with its investor relations staff. “Total, we felt that CSGP’s tone was according to prior earnings calls, and whereas it could be experiencing some volatility within the early levels of monetizing Houses.com, the staff doesn’t appear stunned, and moderately, sounded ready for the dynamic,” Jones wrote. “Third-party information and net scraped information seems to be creating noise round prevailing tendencies at Houses.com, from the corporate’s perspective, and has pressured share value. We don’t view the decision as thesis altering and imagine CSGP has ample profitability to proceed investing in its Houses.com enterprise,” he added. — Fred Imbert
