Goldman Sachs Maintains Neutral on Ulta Beauty, Lowers Price Target to $476
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane maintains a Neutral rating on Ulta Beauty (ULTA) and lowers the price target from $605 to $476.
May 14, 2024 | 12:43 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Ulta Beauty but reduced the price target from $605 to $476, indicating a potential downside or limited upside from current levels.
The reduction in price target by a significant margin suggests that Goldman Sachs sees less upside potential or more risk to Ulta Beauty's stock price in the near term. This could lead to negative investor sentiment and potentially impact the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100