Stifel raised the firm’s price target on Ulta Beauty (ULTA) to $455 from $395 and keeps a Hold rating on the shares. Following better-than-expected Q3 results with comp and EBIT above consensus, the firm lifted its FY24-FY26 EPS estimates. The firm, which anticipates consensus EPS estimates will increase in the low single-digits and also views implied Q4 guidance for both comp and EPS as “conservative,” keeps a Hold rating but notes that it continues to “see more upside than downside for ULTA shares.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $350 from $300 at Wells Fargo
- Ulta Beauty price target raised to $390 from $360 at Piper Sandler
- Ulta Beauty price target raised to $480 from $440 at Baird
- Ulta Beauty price target raised to $450 from $390 at Citi
- Ulta Beauty price target raised to $500 from $476 at Canaccord