Ulta Beauty outperforms expectations in Q3, analysts raise price target
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Ulta Beauty Inc (NASDAQ:ULTA) reported Q3 earnings that surpassed market expectations, with EPS of $5.14 compared to the estimated $4.55. This strong performance led to a more than 10% increase in its stock price, prompting analysts to raise their price targets.
December 06, 2024 | 4:00 pm
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Ulta Beauty's Q3 earnings exceeded expectations with EPS of $5.14, leading to a significant stock price increase and analysts raising their price targets.
Ulta Beauty's strong Q3 earnings performance, with EPS significantly above estimates, has led to a positive market reaction, with shares rising over 10%. This has also prompted analysts to raise their price targets, indicating a positive outlook for the stock in the short term.
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