Deutsche Bank resumed coverage of Ulta Beauty (ULTA) with a Buy rating and $732 price target The firm resumed coverage of global brands, off-price, and specialty beauty retail. Following a “surprisingly strong” year for retail, Deutsche is entering 2026 with optimism as it anticipates a “volatile but broadly risk-on” macro environment, the analyst tells investors in a research note. The firm sees solid top-line trends, particularly in the first half of the year, due to easier weather comparisons and a boost in tax refunds.
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Read More on ULTA:
- Ulta Beauty price target raised to $685 from $610 at BofA
- Ulta Beauty: Strong Commercial Engine and Loyal Customer Base Offset by Ongoing Investment Needs, Supporting a Neutral (Hold) Rating
- Ulta Beauty management to meet with Oppenheimer
- Ulta Beauty price target raised to $780 from $690 at UBS
- Ulta Beauty price target raised to $680 from $647 at Barclays