Oppenheimer raised the firm’s price target on Ulta Beauty (ULTA) to $615 from $600 and keeps an Outperform rating on the shares. The firm looks very favorably upon Ulta’s Q3 results. EPS of $5.14 easily topped a Street forecast of $4.61 with better-than-expected sales and gross margins fueling the beat, Oppenheimer adds.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $670 from $600 at Baird
- Ulta Beauty price target raised to $647 from $606 at JPMorgan
- Ulta Beauty price target raised to $674 from $653 at Canaccord
- Ulta Beauty price target raised to $615 from $590 at Piper Sandler
- Ulta Beauty price target raised to $647 from $617 at Barclays