Analyst Ratings for Ulta Beauty
Portfolio Pulse from Benzinga Insights
Analysts have provided ratings for Ulta Beauty (NASDAQ:ULTA) with 5 bullish, 7 somewhat bullish, 4 indifferent, 1 somewhat bearish, and 0 bearish ratings in the last quarter. The average price target is $517.82, representing an upside from the current price of $406.46, but a 1.01% decrease from the previous target of $523.08.
November 21, 2023 | 6:00 pm
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POSITIVE IMPACT
Ulta Beauty has received a majority of bullish and somewhat bullish ratings from analysts, with an average price target of $517.82, indicating a potential upside from the current price.
The predominance of bullish and somewhat bullish ratings suggests a positive outlook for Ulta Beauty's stock in the short term. The average price target above the current stock price indicates that analysts expect the stock to rise, which could influence investor sentiment and drive the stock price up. However, the slight decrease in the average price target from the previous quarter introduces a note of caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100