UBS analyst Michael Lasser maintains $Ulta Beauty (ULTA.US)$ with a buy rating, and maintains the target price at $505.
According to TipRanks data, the analyst has a success rate of 65.8% and a total average return of 12.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ulta Beauty (ULTA.US)$'s main analysts recently are as follows:
Concerns have been raised regarding intensified competition from Sephora/Amazon, increased promotional activity, and the possibility of revised long-term targets emerging from the Investor Day. Conversely, optimistic views are held towards the company's valuation and inherent strengths, such as its robust loyalty program and expertise in real estate management.
The firm anticipates risk to long-term targets and Street estimates as the October 16 Analyst Day approaches. With increasing competitive pressure and a sense of near-term complacency around the story, a bearish stance is maintained into the upcoming key catalyst.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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