Ulta Beauty (ULTA) Stock Forecast & Price Target

$338.38 -0.40 (-0.12%)

(As of 11/22/2024 ET)

Ulta Beauty - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 25 Analyst Ratings

Sell
2

Hold
11

Buy
12

Based on 25 Wall Street analysts who have issued ratings for Ulta Beauty in the last 12 months, the stock has a consensus rating of "Hold." Out of the 25 analysts, 2 have given a sell rating, 11 have given a hold rating, and 12 have given a buy rating for ULTA.

Consensus Price Target

$420.71
24.33% Upside

According to the 25 analysts' twelve-month price targets for Ulta Beauty, the average price target is $420.71. The highest price target for ULTA is $545.00, while the lowest price target for ULTA is $300.00. The average price target represents a forecasted upside of 24.33% from the current price of $338.38.

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ULTA Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	14 Buy rating(s)
Hold	11 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$420.71	$420.71	$492.00	$529.70
Forecasted Upside	24.33% Upside	14.63% Upside	29.94% Upside	29.35% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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ULTA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ULTA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ulta Beauty Stock vs. The Competition

Type	Ulta Beauty	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.40	2.50	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	24.33% Upside	26.03% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent ULTA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	William Blair 2 of 5 stars	D. Carden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
10/21/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$450.00 ➝ $472.00	+27.94%
10/17/2024	BMO Capital Markets 4 of 5 stars	Simeon Siegel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$385.00	+4.34%
10/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$390.00 ➝ $380.00	+2.14%
10/17/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mark Astrachan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$385.00 ➝ $395.00	+5.30%
10/17/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Wolfmeyer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$356.00 ➝ $357.00	-4.34%
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10/17/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$450.00 ➝ $450.00	+20.58%
10/16/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$435.00 ➝ $435.00	+20.18%
10/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Tong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$450.00 ➝ $440.00	+19.39%
10/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$426.00 ➝ $424.00	+17.07%
9/10/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$300.00	-21.38%
9/3/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$520.00 ➝ $450.00	+27.54%
8/30/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$507.00 ➝ $435.00	+23.29%
8/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$375.00 ➝ $345.00	-2.51%
8/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$328.00 ➝ $335.00	-6.19%
8/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$550.00 ➝ $505.00	+42.15%
8/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$325.00 ➝ $300.00	-16.43%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$425.00 ➝ $380.00	+3.38%
8/27/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$522.00 ➝ $500.00	+35.08%
8/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$500.00 ➝ $430.00	+13.16%
8/23/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$525.00 ➝ $485.00	+29.59%
8/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$475.00 ➝ $412.00	+28.28%
5/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$438.00 ➝ $412.00	+9.53%
3/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$480.00 ➝ $525.00	-2.08%
12/6/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$500.00 ➝ $545.00	+10.15%
3/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$535.00 ➝ $580.00	+11.55%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$503.00 ➝ $570.00	+8.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:47 AM ET.

Should I Buy Ulta Beauty Stock? ULTA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Ulta Beauty pros and cons to contact@marketbeat.com.

Ulta Beauty
Bull Case

Here are some ways that investors could benefit from investing in Ulta Beauty, Inc.:

Ulta Beauty, Inc. has a strong market capitalization of approximately $16.19 billion, indicating a solid position in the beauty retail sector, which can provide stability and growth potential for investors.
The company reported a net margin of 10.68%, showcasing its ability to convert revenue into profit effectively, which is a positive indicator of operational efficiency.
Recent earnings per share (EPS) of $5.30, although slightly below expectations, still reflect a robust performance in a competitive market, suggesting resilience and potential for recovery.
With a current stock price of $353.35, Ulta Beauty, Inc. is trading below its 52-week high of $574.76, presenting a potential buying opportunity for investors looking for growth as the stock may rebound.
Analysts have a consensus target price of $420.71, indicating a potential upside from the current price, which could attract investors looking for capital appreciation.

Ulta Beauty
Bear Case

Investors should be bearish about investing in Ulta Beauty, Inc. for these reasons:

The company missed analysts' consensus estimates for EPS by $0.17, which may raise concerns about its ability to meet future expectations and could lead to volatility in stock performance.
Ulta Beauty's revenue for the latest quarter was $2.55 billion, falling short of the $2.61 billion expected, indicating potential challenges in sales growth that could affect investor confidence.
With a P/E ratio of 14.18, while not excessively high, it suggests that the stock may not be undervalued compared to its earnings, which could limit upside potential for investors seeking bargains.
The stock has experienced fluctuations, including a recent decline of 3.2%, which may indicate market volatility and uncertainty surrounding the company's future performance.
Institutional investors and hedge funds own a significant 90.39% of the company's stock, which could lead to less liquidity and increased volatility if large shareholders decide to sell.

ULTA Forecast - Frequently Asked Questions

: According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Ulta Beauty is $420.71, with a high forecast of $545.00 and a low forecast of $300.00.
: 25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ulta Beauty in the last year. There are currently 2 sell ratings, 11 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ULTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ULTA, but not buy additional shares or sell existing shares.
: According to analysts, Ulta Beauty's stock has a predicted upside of 24.33% based on their 12-month stock forecasts.
: Over the previous 90 days, Ulta Beauty's stock had 3 downgrades by analysts.
: Ulta Beauty has been rated by research analysts at B. Riley, Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Loop Capital, Oppenheimer, Piper Sandler, Raymond James, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, UBS Group, Wells Fargo & Company, and William Blair in the past 90 days.
: Analysts like Ulta Beauty less than other "retail/wholesale" companies. The consensus rating for Ulta Beauty is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how ULTA compares to other companies.

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This page (NASDAQ:ULTA) was last updated on 11/22/2024 by MarketBeat.com Staff

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Ulta Beauty (ULTA) Stock Forecast & Price Target