Baird analyst Mark Altschwager raised the firm’s price target on Ulta Beauty (ULTA) to $525 from $440 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results which suggested a storng start to the year as guidance looks increasingly conservative.
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Read More on ULTA:
- Ulta Beauty: Strong Q1 Performance Amid Cautious Outlook, Hold Rating Due to Fair Valuation
- Ulta Beauty price target raised to $525 from $477 at JPMorgan
- Ulta Beauty price target raised to $437 from $386 at Piper Sandler
- Ulta Beauty price target raised to $450 from $425 at Citi
- Ulta Beauty price target raised to $542 from $510 at Canaccord