On Oct 10, major Wall Street analysts update their ratings for $Ulta Beauty (ULTA.US)$, with price targets ranging from $400 to $440.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and maintains the target price at $400.
Goldman Sachs analyst Kate McShane maintains with a hold rating.
Deutsche Bank analyst Krisztina Katai maintains with a buy rating, and adjusts the target price from $448 to $424.
Baird analyst Mark Altschwager maintains with a buy rating, and maintains the target price at $440.
Furthermore, according to the comprehensive report, the opinions of $Ulta Beauty (ULTA.US)$'s main analysts recently are as follows:
The expectation is that Ulta Beauty will use its investor day as a platform to establish realistic three-year goals. It's believed that we're now in a phase of standard growth rates for the beauty sector, which is also experiencing heightened competition. There is also an anticipation of revised comparable sales and profitability objectives. The general sentiment among investors is that the recent obstacles faced by Ulta may persist well into the foreseeable future.
Here are the latest investment ratings and price targets for $Ulta Beauty (ULTA.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
