Expert Outlook: Ulta Beauty Through The Eyes Of 30 Analysts
Portfolio Pulse from Benzinga Insights
Over the past three months, 30 analysts have shared their insights on Ulta Beauty (NASDAQ:ULTA), with a range of opinions from bullish to bearish. The average 12-month price target has decreased by 10.5% to $417.37. Analysts have mostly lowered their price targets, reflecting a cautious outlook. Ulta Beauty remains a strong market player with impressive financial metrics, including a high net margin and return on equity.
September 10, 2024 | 12:02 pm
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Analysts have shown mixed sentiments on Ulta Beauty, with a notable decrease in the average 12-month price target by 10.5% to $417.37. Most analysts have lowered their price targets, indicating a cautious outlook. Despite this, Ulta Beauty's strong financial performance, including high net margins and return on equity, supports its market position.
The decrease in the average price target by 10.5% suggests a cautious outlook from analysts, which could lead to short-term price pressure. However, Ulta Beauty's strong financial metrics, such as high net margins and return on equity, provide a solid foundation, potentially offsetting negative sentiment. The mixed analyst ratings reflect uncertainty, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100