Ulta Beauty Stock: A Deep Dive Into Analyst Perspectives (20 Ratings)
Portfolio Pulse from Benzinga Insights
Ulta Beauty (NASDAQ:ULTA) has received diverse analyst ratings over the last three months, with 20 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target is $587.6, reflecting a 5.26% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets adjusted accordingly. Ulta Beauty, with 1,385 stores and a partnership with Target, is a leading beauty retailer in the U.S. Financial metrics indicate strong market performance, including a revenue growth rate of 10.15%, a net margin of 11.1%, and an ROE of 18.31%.
April 04, 2024 | 8:01 pm
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Ulta Beauty has received a mix of analyst ratings, with an updated average 12-month price target of $587.6, indicating a positive outlook. The company's strong financial performance and market position as a leading beauty retailer support a bullish perspective.
The mix of analyst ratings with a majority leaning towards bullish and somewhat bullish, combined with the upward revision of the average price target, suggests a positive short-term outlook for ULTA. The company's strong financial metrics, including revenue growth, net margin, and ROE, further support this view. The detailed analysis of analyst actions and financial insights indicates a strong market position and potential for continued growth, making the news highly relevant and important for investors in ULTA.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100