DA Davidson Maintains Buy on Ulta Beauty, Raises Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker has reaffirmed a Buy rating on Ulta Beauty (NASDAQ:ULTA) and increased the price target from $495 to $530.
December 01, 2023 | 4:10 pm
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Ulta Beauty's price target has been raised from $495 to $530 by DA Davidson, with a maintained Buy rating.
The increase in price target by a reputable analyst typically signals a positive outlook on the stock, suggesting a potential rise in stock price in the short term as investors react to the analyst's upgraded view.
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