Analysts Bump Up This Beauty Retailer's Price Target After Q3 Beat
Portfolio Pulse from Shivani Kumaresan
Analysts have raised their price targets for Ulta Beauty Inc (NASDAQ:ULTA) following its Q3 results that exceeded expectations and an increased FY21 outlook. Despite the positive outlook, the stock is trading lower by 1.25% at $378.83.
December 03, 2021 | 5:56 pm
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Ulta Beauty's Q3 results exceeded expectations, leading multiple analysts to raise their price targets. Despite this, the stock is trading lower by 1.25%.
Ulta Beauty's strong Q3 results and increased FY21 outlook prompted analysts to raise price targets, indicating positive sentiment. However, the stock's current decline suggests market volatility or profit-taking. The overall analyst sentiment is positive, suggesting potential upside.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100