UBS raised the firm’s price target on Ulta Beauty (ULTA) to $525 from $490 and keeps a Buy rating on the shares. Ulta’s Q1 showed execution is improving and there is a positive EPS revision cycle unfolding ahead, the analyst tells investors in a research note. While shares are likely to respond well to the “solid” Q1 print, there’s more room to run, the firm says.
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Read More on ULTA:
- Ulta Beauty price target raised to $510 from $465 at Oppenheimer
- 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
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