Citi analyst Kelly Crago raised the firm’s price target on Ulta Beauty to $500 from $480 and keeps a Neutral rating on the shares. The company delivered a big Q3 beat, Crago tells investors in a research note. In a rocky retail environment, Ulta is one of the few retailers with strong momentum across its business, says the analyst. However, she thinks most of the positives are already appreciated by the market.
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Published first on TheFly
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Read More on ULTA:
- Ulta Beauty raises FY22 EPS view to $22.60-$22.90 from $20.70-$21.20
- Ulta Beauty raises FY22 revenue view to $9.95B-$10.0B from $9.65B-$9.75B
- Ulta Beauty reports Q3 EPS $5.34, consensus $4.15
- Ulta Beauty options imply 5.0% move in share price post-earnings
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