UBS raised the firm’s price target on Ulta Beauty (ULTA) to $525 from $490 and keeps a Buy rating on the shares. Ulta’s Q1 showed execution is improving and there is a positive EPS revision cycle unfolding ahead, the analyst tells investors in a research note. While shares are likely to respond well to the “solid” Q1 print, there’s more room to run, the firm says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULTA:
- Ulta Beauty price target raised to $510 from $465 at Oppenheimer
- Ulta Beauty price target raised to $525 from $440 at Baird
- 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
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue