JPMorgan lowered the firm’s price target on Ulta Beauty (ULTA) to $750 from $800 and keeps an Overweight rating on the shares. The firm recommends using the post-earnings selloff as a buying opportunity. JPMorgan views Ulta’s outlook as conservative and says the company’s quarter-to-date comp is running well above its 4% estimate.
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Read More on ULTA:
- Ulta Beauty price target lowered to $475 from $500 at Wells Fargo
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- Ulta Beauty sees FY26 EPS $28.05-$28.55, consensus $28.57
- Ulta Beauty reports Q4 EPS $8.01, consensus $8.03
- Ulta Beauty options imply 6.2% move in share price post-earnings