Oppenheimer raised the firm’s price target on Ulta Beauty (ULTA) to $510 from $465 and keeps an Outperform rating on the shares. The firm looks very favorably upon the much better than expected Q1 report from Ulta. Oppenheimer is optimistic this report could help to ease concerns about Sephora and Amazon (AMZN) competition.
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 $525 from $440 at Baird
- Ulta Beauty: Strong Q1 Performance Amid Cautious Outlook, Hold Rating Due to Fair Valuation
- Ulta Beauty price target raised to $525 from $477 at JPMorgan
- Ulta Beauty price target raised to $437 from $386 at Piper Sandler
- Ulta Beauty price target raised to $450 from $425 at Citi