JPMorgan raised the firm’s price target on Ulta Beauty (ULTA) to $472 from $450 and keeps an Overweight rating on the shares. The overall message from Ulta’s analyst day “hit the mark” from a long-term algorithm expectation perspective “with a glass half full/empty outcome on 2025 commentary,” the analyst tells investors in a research note. The firm says the company’s effort to get Street consensus lower, and a stabilizing sales trends excluding some hurricane volatility, makes the stock setup “much more attractive.”
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Read More on ULTA:
- Ulta Beauty price target raised to $395 from $385 at Stifel
- Ulta Beauty price target lowered to $380 from $390 at TD Cowen
- Ulta Beauty price target raised to $357 from $356 at Piper Sandler
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