Deutsche Bank analyst Krisztina Katai raised the firm’s price target on Ulta Beauty to $607 from $589 and keeps a Buy rating on the shares. ULTA put up Q3 results "that were considerably ahead of expectations in what has been one of the best prints this earnings season," Katai tells investors in a research note. The analyst says the stock remains well positioned to outperform driven by a continued upward estimate revision cycle.
Published first on TheFly
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Read More on ULTA:
- Ulta Beauty price target raised to $500 from $480 at Citi
- Ulta Beauty price target raised to $535 from $505 at Oppenheimer
- Ulta Beauty price target raised to $570 from $525 at Piper Sandler
- 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
