On Oct 17, major Wall Street analysts update their ratings for $Ulta Beauty (ULTA.US)$, with price targets ranging from $300 to $435.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and maintains the target price at $400.
BofA Securities analyst Lorraine Hutchinson maintains with a hold rating, and maintains the target price at $380.
Wells Fargo analyst Ike Boruchow maintains with a sell rating, and maintains the target price at $300.
Evercore analyst Michael Binetti maintains with a buy rating, and maintains the target price at $420.
TD Cowen analyst Oliver Chen maintains with a hold rating, and adjusts the target price from $390 to $380.
Furthermore, according to the comprehensive report, the opinions of $Ulta Beauty (ULTA.US)$'s main analysts recently are as follows:
The firm anticipates a slightly more favorable outcome for shares at their current valuation, with U.S. beauty category expansion being crucial for any significant outperformance. Following the company's investor day, revisions were made to the FY24-FY26 forecasts, indicating that the preliminary FY25 outlook for nearly steady year-over-year EPS growth is primarily due to optimistic, albeit slightly below the long-term guidance of 3%-4%, comparable sales growth.
Ulta Beauty continues to represent a high-quality narrative, yet it is anticipated to encounter near-term challenges. The expectation is that both comparable store sales and operating margins will fall short of long-term projections during the transition period projected for the years 2024 and 2025.
Here are the latest investment ratings and price targets for $Ulta Beauty (ULTA.US)$ from 9 analysts:
Note:
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