DA Davidson raised the firm’s price target on Ulta Beauty to $530 from $495 and keeps a Buy rating on the shares after its Q3 earnings beat. Bears had been winning with the stock down 9.2% versus the XRT up 6.9%, but the company’s Q3 results, earnings call and call back did a lot to ease investor concerns on a number of topics, which should lead to a relief rally for the shares, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ULTA:
- Ulta Beauty (NASDAQ:ULTA) Shines after Beautiful Earnings Report
- Early notable gainers among liquid option names on December 1st
- Ulta Beauty price target raised to $505 from $475 at Stifel
- Ulta Beauty price target raised to $620 from $606 at Canaccord
- Ulta Beauty performance offers proof of category resilience, says Loop Capital