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Ulta Beauty (ULTA) Stock Forecast & Price Target

$390.92
-2.20 (-0.56%)
(As of 07/19/2024 ET)

Ulta Beauty - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 23 Wall Street analysts who have issued ratings for Ulta Beauty in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 1 has given a sell rating, 8 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for ULTA.

Consensus Price Target

$502.61
28.57% Upside
High Forecast$690.00
Average Forecast$502.61
Low Forecast$350.00

According to the 23 analysts' twelve-month price targets for Ulta Beauty, the average price target is $502.61. The highest price target for ULTA is $690.00, while the lowest price target for ULTA is $350.00. The average price target represents a forecasted upside of 28.57% from the current price of $390.92.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
13 Buy rating(s)
13 Buy rating(s)
13 Buy rating(s)
14 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$502.61$507.30$561.29$548.46
Forecasted Upside28.57% Upside20.00% Upside13.28% Upside11.94% Upside
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ULTA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ULTA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Ulta Beauty Stock vs. The Competition

TypeUlta BeautyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.61
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside28.57% Upside55.83% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Telsey Advisory Group
2 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$500.00 ➝ $500.00+27.19%
7/15/2024Oppenheimer
3 of 5 stars
 Lower TargetOutperform ➝ Outperform$475.00 ➝ $450.00+8.97%
7/11/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$498.00 ➝ $494.00+24.74%
6/28/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$394.00 ➝ $355.00-7.63%
5/31/2024TD Cowen
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 Lower TargetBuy ➝ Buy$520.00 ➝ $500.00+28.07%
5/31/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$530.00 ➝ $544.00+39.34%
5/31/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$540.00 ➝ $500.00+27.63%
5/31/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$630.00 ➝ $500.00+29.67%
5/29/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$625.00 ➝ $525.00+37.75%
5/29/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$575.00 ➝ $522.00+36.96%
5/28/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$575.00 ➝ $425.00+11.27%
5/24/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$485.00 ➝ $400.00+5.54%
5/24/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$438.00 ➝ $412.00+9.53%
5/14/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$605.00 ➝ $476.00+17.83%
5/14/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$565.00 ➝ $475.00+17.59%
4/24/2024Wells Fargo & Company
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 Lower TargetUnderweight ➝ Underweight$450.00 ➝ $350.00-14.91%
4/8/2024Loop Capital
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 UpgradeHold ➝ Buy$540.00+21.42%
4/3/2024Raymond James
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 Lower TargetStrong-Buy ➝ Strong-Buy$630.00 ➝ $610.00+37.38%
3/15/2024DA Davidson
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 Reiterated RatingBuy ➝ Buy$595.00+11.17%
3/15/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$480.00 ➝ $525.00-2.08%
3/15/2024Deutsche Bank Aktiengesellschaft
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 Boost Target$574.00 ➝ $627.00+17.42%
3/5/2024UBS Group
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 Boost TargetBuy ➝ Buy$575.00 ➝ $690.00+27.50%
12/6/2023Argus
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 Boost TargetBuy ➝ Buy$500.00 ➝ $545.00+10.15%
3/10/2023Credit Suisse Group
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 Boost TargetOutperform$535.00 ➝ $580.00+11.55%
2/16/2023Cowen
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 Boost TargetOutperform$503.00 ➝ $570.00+8.25%
8/26/2022Cowen
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 Boost TargetOutperform$480.00 ➝ $503.00+18.29%
8/26/2022William Blair
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D. Carden
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Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:57 AM ET.

ULTA Forecast - Frequently Asked Questions

What is Ulta Beauty's forecast for 2024?

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Ulta Beauty is $502.61, with a high forecast of $690.00 and a low forecast of $350.00.

Should I buy or sell Ulta Beauty stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ulta Beauty in the last year. There is currently 1 sell rating, 8 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ULTA shares.

Does Ulta Beauty's stock price have much upside?

According to analysts, Ulta Beauty's stock has a predicted upside of 18.71% based on their 12-month stock forecasts.

Has Ulta Beauty been downgraded by Wall Street analysts recently?

Over the previous 90 days, Ulta Beauty's stock had 1 downgrade by analysts.

Do Wall Street analysts like Ulta Beauty more than its competitors?

Analysts like Ulta Beauty more than other "retail/wholesale" companies. The consensus rating for Ulta Beauty is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how ULTA compares to other companies.


This page (NASDAQ:ULTA) was last updated on 7/20/2024 by MarketBeat.com Staff

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