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Ulta Beauty (ULTA) Stock Forecast & Price Target

Ulta Beauty logo
$602.32 +10.70 (+1.81%)
As of 02:28 PM Eastern
This is a fair market value price provided by Massive. Learn more.

Ulta Beauty - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
0
Hold
8
Buy
24

Based on 32 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 32 analysts, 8 have given a hold rating, and 24 have given a buy rating for ULTA.

Consensus Price Target

$627.83
4.24% Upside
According to the 32 analysts' twelve-month price targets for Ulta Beauty, the average price target is $627.83. The highest price target for ULTA is $731.00, while the lowest price target for ULTA is $500.00. The average price target represents a forecasted upside of 4.24% from the current price of $602.32.
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.
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ULTA Analyst Ratings Over Time

TypeCurrent Forecast
10/20/25 to 10/20/26
1 Month Ago
9/20/25 to 9/20/26
3 Months Ago
7/22/25 to 7/22/26
1 Year Ago
10/20/24 to 10/20/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
24 Buy rating(s)
24 Buy rating(s)
19 Buy rating(s)
13 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$627.83$627.83$638.09$550.38
Forecasted Upside4.24% Upside16.05% Upside31.97% Upside5.09% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyModerate Buy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Ulta Beauty Stock vs. The Competition

TypeUlta BeautyConsumer Discretionary CompaniesBroader Market
Consensus Rating Score
2.75
2.20
2.53
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside6.12% Upside339.67% Upside18.52% Upside
News Sentiment Rating
Positive News

See Recent ULTA News
Neutral News
Positive News
Report Date
0 Results
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
10/8/2026
Weiss Ratings logo
Weiss Ratings
3 of 5 stars
 UpgradeHold (C) ➝ Hold (C+)
9/15/2026
Guggenheim logo
Guggenheim
5 of 5 stars
 Initiated CoverageBuy
9/15/2026
Cantor Fitzgerald logo
Cantor Fitzgerald
5 of 5 stars
 Initiated CoverageOverweight
9/15/2026 UpgradeOutperform
9/15/2026 Initiated CoverageOutperform
9/15/2026 UpgradeOutperform
9/15/2026DowngradeNeutral ➝ Market Perform
9/15/2026DowngradeStrong-Buy ➝ Moderate Buy
9/15/2026UpgradeUnderweight ➝ Equal Weight$450.00 ➝ $525.00-4.31%
9/14/2026Reiterated RatingBuy$625.00+14.03%
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9/8/2026Initiated CoverageMarket Perform$580.00+5.60%
8/28/2026Set Target$631.00+21.95%
8/28/2026Boost TargetBuy$648.00 ➝ $667.00+23.50%
8/28/2026Reiterated RatingBuy$650.00+20.35%
8/28/2026Lower TargetOverweight$647.00 ➝ $645.00+19.42%
8/28/2026Lower TargetBuy$685.00 ➝ $650.00+20.35%
8/25/2026Boost TargetBuy$692.00 ➝ $695.00+30.02%
8/21/2026 Reiterated RatingMarket Perform
7/21/2026Reiterated RatingBuy
6/18/2026Set Target$550.00+20.95%
6/3/2026Lower TargetNeutral$600.00 ➝ $500.00+7.27%
6/3/2026 Set Target$635.00+36.23%
6/3/2026 Reiterated RatingHold$550.00+11.14%
6/3/2026Lower TargetOverweight$700.00 ➝ $630.00+27.31%
6/3/2026Lower TargetOverweight$725.00 ➝ $600.00+21.24%
6/3/2026Lower TargetOverweight$750.00 ➝ $631.00+33.21%
6/3/2026Lower TargetBuy$799.00 ➝ $731.00+57.10%
6/3/2026Lower TargetOutperform$730.00 ➝ $700.00+41.45%
4/20/2026 Initiated CoverageOutperform
3/13/2026Lower TargetOutperform$750.00 ➝ $650.00+18.23%
3/9/2026Boost TargetOutperform$640.00 ➝ $715.00+10.62%
2/6/2026 DowngradeStrong-Buy ➝ Hold
5/15/2025Boost TargetNeutral$364.00 ➝ $386.00-6.01%
3/14/2025Lower TargetHold$475.00 ➝ $400.00+27.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:28 PM ET.


Should I Buy Ulta Beauty Stock? ULTA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 19, 2026. Please send any questions or comments about these Ulta Beauty pros and cons to contact@marketbeat.com.

Ulta Beauty
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Ulta Beauty, Inc.:

  • Ulta Beauty, Inc. recently reported strong third-quarter results on August 27, 2026, beating analyst expectations with earnings per share of $6.55 compared to the consensus estimate of $6.22, while also exceeding revenue forecasts with $3.04 billion in sales against an expected $2.99 billion, demonstrating robust operational performance and demand for its beauty products and services.
  • The company has raised its full-year 2026 earnings guidance to a range of $28.70 to $29.00 per share, which is significantly higher than the consensus estimate of $26.21, indicating management confidence in continued growth and the ability to outperform market expectations for the remainder of the fiscal year.
  • Wall Street analysts maintain a positive outlook on the stock, with a consensus rating of "Moderate Buy" from 32 analysts and an average 12-month price target of $627.83, which suggests potential upside from the current stock price of $591.62 as of October 19, 2026.
  • Ulta Beauty, Inc. is expanding its product assortment and brand partnerships, such as the recent launch of Bath & Body Works products in 600 locations and the successful debut of the Cécred hair care line, which helps attract diverse customer segments and drives traffic to both physical stores and its e-commerce platform.
  • The company is leveraging technology to enhance the customer experience, including the use of AI to improve store operations and the introduction of robotic manicure services at select locations, which differentiates Ulta Beauty, Inc. from competitors and supports its strategy of combining retail with salon services.

Ulta Beauty
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Ulta Beauty, Inc. for these reasons:

  • Recent analyst commentary suggests that the "lipstick effect" may be priced into the stock, with softer guidance for the second half of 2026 warranting caution, as some investors believe the current valuation may not fully account for potential deceleration in consumer spending on discretionary beauty items.
  • Insider selling activity has been notable, with CEO Kecia Steelman selling 2,000 shares in September 2026 and Director Lorna Nagler selling 600 shares in the same month, which some investors may interpret as a lack of confidence in the stock's near-term upside or a desire to diversify personal holdings.
  • The stock has experienced volatility, trading between a 52-week low of $443.60 and a high of $714.97, and recently dipped to $591.62, indicating that the market is sensitive to changes in consumer trends and macroeconomic conditions that affect discretionary spending.
  • Short interest in Ulta Beauty, Inc. has increased slightly, with 2,442,718 shares shorted as of September 30, 2026, representing 5.72% of the float, which suggests that some market participants are betting against the stock's performance, potentially due to concerns about competition or margin pressure.
  • While the company has strong brand recognition, it faces intense competition from other beauty retailers and e-commerce platforms, which could pressure pricing and margins, especially as consumers seek value and convenience in their purchasing decisions.

ULTA Forecast - Frequently Asked Questions

According to the research reports of 32 Wall Street equities research analysts, the average twelve-month stock price forecast for Ulta Beauty is $627.83, with a high forecast of $731.00 and a low forecast of $500.00.

32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ulta Beauty in the last twelve months. There are currently 8 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ULTA shares.

According to analysts, Ulta Beauty's stock has a predicted upside of 4.24% based on their 12-month stock forecasts.

Over the previous 90 days, Ulta Beauty's stock had 5 upgrades and 2 downgrades by analysts.

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


MarketBeat monitors more than a dozen sources for Ulta Beauty analyst ratings, with the most recent rating issued on 10/8/2026.
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