Oppenheimer analyst Rupesh Parikh maintains $Ulta Beauty (ULTA.US)$ with a buy rating, and maintains the target price at $435.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ulta Beauty (ULTA.US)$'s main analysts recently are as follows:
The firm perceives a slightly greater potential for share price increase than decrease at present valuations, with the growth of the U.S. beauty sector being a critical factor for significant outperformance. After updating its projections for the fiscal years 2024 to 2026 based on the company's investor day, the firm notes that the preliminary expectations for roughly unchanged year-over-year earnings per share growth for FY25 predominantly mirror optimistic, yet below the long-term guidance of 3%-4% comparable growth.
Ulta Beauty is acknowledged as a high-quality narrative, yet it faces ongoing near-term challenges. The coming years, particularly 2024 and 2025, are viewed as transitional periods where both comparable sales and operating margins are anticipated to perform beneath the long-term projections.
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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