What 23 Analyst Ratings Have To Say About Ulta Beauty
Portfolio Pulse from Benzinga Insights
Ulta Beauty (NASDAQ:ULTA) received mixed ratings from 23 analysts over the last quarter, with a range of price targets and sentiment shifts. The average 12-month price target is now $469.48, down from $538.35. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.
July 15, 2024 | 6:00 pm
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NEGATIVE IMPACT
Ulta Beauty has received a mix of bullish, somewhat bullish, indifferent, and somewhat bearish ratings from 23 analysts. The average 12-month price target has decreased to $469.48 from $538.35, indicating a more cautious outlook. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.
The decrease in the average 12-month price target from $538.35 to $469.48 and the mix of ratings suggest a more cautious outlook from analysts. This could lead to short-term downward pressure on the stock price as investors react to the revised expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100