Expert Outlook: Ulta Beauty Through The Eyes Of 25 Analysts
Portfolio Pulse from Benzinga Insights
The article provides an overview of recent analyst ratings and price targets for Ulta Beauty (NASDAQ:ULTA). Over the past 30 days, analysts have shown a mix of bullish and bearish sentiments, with a notable decrease in the average 12-month price target from $556.56 to $485.76. Several analysts have lowered their price targets and ratings, reflecting changing market dynamics and company performance.
June 28, 2024 | 7:01 pm
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Ulta Beauty has seen a mix of bullish and bearish analyst ratings over the past 30 days, with a significant decrease in the average 12-month price target from $556.56 to $485.76. Several analysts have lowered their price targets and ratings, indicating concerns about the company's future performance.
The significant decrease in the average 12-month price target and the predominance of analysts lowering their ratings and price targets suggest a bearish outlook for Ulta Beauty in the short term. This could lead to a decline in the stock price as investor sentiment turns cautious.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100