What's Going On With Ulta Beauty Stock Friday?
Portfolio Pulse from Dylan Berman
Ulta Beauty's stock is declining after the company cut its 2024 fiscal year guidance due to cautious outlook and missed Q2 earnings estimates. Analysts have adjusted their price targets, reflecting a more conservative view on the stock.

August 30, 2024 | 2:57 pm
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Ulta Beauty's stock is under pressure after the company lowered its 2024 guidance and missed Q2 earnings estimates. Analysts have responded by lowering price targets, indicating a cautious outlook.
Ulta Beauty's reduction in fiscal year guidance and Q2 earnings miss have led to a negative market reaction, with shares dropping 2.65%. Analysts have lowered price targets, reflecting a more cautious outlook on the stock. This combination of factors suggests a likely short-term decline in ULTA's stock price.
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