Ulta Beauty Shares Surge Above Analyst Target Price
Ulta Beauty Inc (Symbol: ULTA) has recently surged past the average 12-month analyst target price of $433.71, trading at $471.46 per share. Analysts now face two potential responses: downgrade their valuation or raise their target price to reflect recent performance.
The average target results from contributions by 24 analysts in the Zacks coverage universe. Among these analysts, one has set a target as low as $315.00, while another predicts a high of $542.00. The standard deviation among these targets stands at $57.424.
Market watchers often refer to the average target to reflect a collective assessment, rather than relying solely on individual forecasts. With ULTA exceeding the average target price, investors may need to evaluate whether $433.71 is merely a milestone on the way to higher valuations, or if the current price justifies caution as potential investors reassess their positions.
| Recent ULTA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 12 | 12 | 12 | 12 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 12 | 12 | 13 | 13 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.09 | 2.09 | 2.13 | 2.13 |
The average rating spans a scale from 1 (Strong Buy) to 5 (Strong Sell). Data for this analysis is sourced from Zacks Investment Research via Quandl.com.
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