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Ulta Beauty Inc has a consensus price target of $425.56 based on the ratings of 26 analysts. The high is $610 issued by Jefferies on March 15, 2024. The low is $300 issued by B. Riley Securities on September 10, 2024. The 3 most-recent analyst ratings were released by JP Morgan, TD Cowen, and Stifel on October 21, 2024, October 17, 2024, and October 17, 2024, respectively. With an average price target of $415.67 between JP Morgan, TD Cowen, and Stifel, there's an implied 13.50% upside for Ulta Beauty Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ulta Beauty (NASDAQ:ULTA) was reported by JP Morgan on October 21, 2024. The analyst firm set a price target for $472.00 expecting ULTA to rise to within 12 months (a possible 28.88% upside). 96 analyst firms have reported ratings in the last year.
The latest analyst rating for Ulta Beauty (NASDAQ:ULTA) was provided by JP Morgan, and Ulta Beauty maintained their overweight rating.
The last upgrade for Ulta Beauty Inc happened on April 8, 2024 when Loop Capital raised their price target to N/A. Loop Capital previously had a hold for Ulta Beauty Inc.
The last downgrade for Ulta Beauty Inc happened on September 23, 2024 when TD Cowen changed their price target from N/A to $395 for Ulta Beauty Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ulta Beauty, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ulta Beauty was filed on October 21, 2024 so you should expect the next rating to be made available sometime around October 21, 2025.
While ratings are subjective and will change, the latest Ulta Beauty (ULTA) rating was a maintained with a price target of $450.00 to $472.00. The current price Ulta Beauty (ULTA) is trading at is $366.23, which is out of the analyst’s predicted range.
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