On Oct 18, major Wall Street analysts update their ratings for $Ulta Beauty (ULTA.US)$, with price targets ranging from $300 to $450.
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 believes there is a slightly greater potential for share price increase than decrease at the current levels, with U.S. beauty category growth being crucial for any significant outperformance. Following the company's investor day, the firm's updated forecasts for the fiscal years ahead indicate that the preliminary expectations for approximately flat year-over-year EPS growth are largely due to positive yet modestly below the long-term target comp growth guidance.
Ulta Beauty continues to be recognized for its high-quality performance but is anticipated to face short-term challenges. The upcoming years, 2024 and 2025, are expected to be transitional, with both comparable sales and operating margins predicted to perform below the long-term projections.
Here are the latest investment ratings and price targets for $Ulta Beauty (ULTA.US)$ from 10 analysts:
Note:
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