Ulta Beauty To Rally Over 22%? Here Are 10 Other Analyst Forecasts For Tuesday
Portfolio Pulse from Lisa Levin
Several analyst firms have updated their price targets and ratings for various US-listed companies, including Apple, Ulta Beauty, and Urban Outfitters. The changes include upgrades, downgrades, and adjustments to price targets.
June 13, 2023 | 11:57 am
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NEUTRAL IMPACT
UBS raised Apple's price target from $180 to $190 but downgraded the stock from Buy to Neutral. Apple shares fell 0.8% to $182.26 in pre-market trading.
The price target increase suggests a positive outlook for Apple's stock, but the downgrade from Buy to Neutral indicates that the analyst believes the stock may not outperform the market in the short term. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Loop Capital raised Ulta Beauty's price target from $490 to $520 and upgraded the stock from Hold to Buy. Ulta Beauty shares rose 0.3% to close at $424.91 on Monday.
The price target increase and upgrade from Hold to Buy indicate a positive outlook for Ulta Beauty's stock. This is likely to result in a positive short-term impact on the stock price as investors may see the stock as undervalued and a good buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley boosted Urban Outfitters' price target from $27 to $41 and upgraded the stock from Equal-Weight to Overweight. Urban Outfitters shares fell 1.2% to close at $32.40 on Monday.
The price target increase and upgrade from Equal-Weight to Overweight indicate a positive outlook for Urban Outfitters' stock. Despite the stock falling 1.2% on Monday, the positive analyst update is likely to result in a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100