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Analysts Offer Insights on Consumer Goods Companies: Amazon (AMZN) and Ulta Beauty (ULTA)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Amazon (AMZNResearch Report) and Ulta Beauty (ULTAResearch Report).

Amazon (AMZN)

Jefferies analyst Brent Thill reiterated a Buy rating on Amazon yesterday and set a price target of $4200.00. The company’s shares closed last Tuesday at $3444.15.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 32.1% and a 75.7% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Instructure Holdings.

Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $4196.90, implying a 21.9% upside from current levels. In a report issued on October 5, J.P. Morgan also maintained a Buy rating on the stock with a $4100.00 price target.

See today’s best-performing stocks on TipRanks >>

Ulta Beauty (ULTA)

Jefferies analyst Stephanie Wissink maintained a Hold rating on Ulta Beauty yesterday and set a price target of $390.00. The company’s shares closed last Tuesday at $363.35.

According to TipRanks.com, Wissink is a 4-star analyst with an average return of 4.7% and a 50.1% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and The Estée Lauder Companies.

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $439.14, representing a 20.9% upside. In a report issued on October 13, Morgan Stanley also reiterated a Hold rating on the stock with a $430.00 price target.

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