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Ulta Beauty (ULTA) has an average brokerage recommendation (ABR) of 1.98, indicating a strong buy, as calculated by 26 brokerage firms. Of these recommendations, 50% are classified as Strong Buy and 7.7% as Buy, reflecting a positive outlook on the stock.
Furthermore, the Zacks Consensus Estimate for Ulta has increased by 0.1% over the past month to $24.36, giving Ulta a Zacks Rank #2 (Buy). This indicates growing optimism among analysts regarding Ulta’s earnings prospects, potentially leading to stock price increases.
Investors should consider that brokerage recommendations can be biased due to the vested interests of firms, and it’s advisable to use tools like the Zacks Rank for more informed investment decisions.
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