Ulta Beauty Inc (Symbol: ULTA) has surpassed its average analyst 12-month target price of $551.64, trading at $556.32 per share. This marked an important moment for investors, prompting them to consider whether the stock’s valuation is stretched or indicative of further growth potential.
There are 22 analyst targets contributing to this average, with estimates ranging from a low of $400.00 to a high of $635.00, resulting in a standard deviation of $56.83. Currently, 17 analysts rate the stock as a Strong Buy, while one holds a Strong Sell rating, giving an average rating of 1.72 (on a scale where 1 is Strong Buy and 5 is Strong Sell).
