Ulta Beauty Stock Forecast

Stock Price Forecast

The 24 analysts that cover Ulta Beauty stock have a consensus rating of "Buy" and an average price target of $615.33, which forecasts a -9.96% decrease in the stock price over the next year. The lowest target is $330 and the highest is $790.

Price Target: $615.33 (-9.96%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$330	$615.33	$650	$790
Change	-51.71%	-9.96%	-4.89%	+15.60%

Analyst Ratings

The average analyst rating for Ulta Beauty stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	6	5	5	6	7	7
Buy	9	9	9	9	8	8
Hold	11	11	11	10	10	10
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	27	26	26	26	26	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Oliver Chen TD Cowen	TD Cowen	Strong Buy Maintains $725 → $775	Strong Buy	Maintains	$725 → $775	+13.40%	Jan 21, 2026
Olivia Tong Raymond James	Raymond James	Buy → Strong Buy Upgrades $605 → $790	Buy → Strong Buy	Upgrades	$605 → $790	+15.60%	Jan 21, 2026
Rupesh Parikh Oppenheimer	Oppenheimer	Buy Maintains $675 → $750	Buy	Maintains	$675 → $750	+9.75%	Jan 20, 2026
Simeon Gutman Morgan Stanley	Morgan Stanley	Buy Maintains $640 → $750	Buy	Maintains	$640 → $750	+9.75%	Jan 15, 2026
Ashley Helgans Jefferies	Jefferies	Hold Initiates $600 → $700	Hold	Initiates	$600 → $700	+2.43%	Jan 14, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

12.58B

from 11.30B

11.36%

from 11.30B

Revenue Next Year

13.34B

from 12.58B

6.07%

from 12.58B

EPS This Year

26.02

from 25.34

2.68%

from 25.34

EPS Next Year

28.78

from 26.02

10.60%

from 26.02

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Feb 1, 2026	Feb 1, 2027
Revenue	6.15B	8.63B	10.21B	11.21B	11.30B	12.58B	13.34B
Revenue Growth	-16.84%	40.29%	18.28%	9.78%	0.79%	11.36%	6.07%
EPS	3.11	17.98	24.01	26.03	25.34	26.02	28.78
EPS Growth	-74.40%	478.14%	33.54%	8.41%	-2.65%	2.68%	10.60%
Forward PE	-	-	-	-	-	26.27	23.75
No. Analysts	-	-	-	-	-	33	33

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	13.8B	14.5B
Avg	12.6B	13.3B
Low	11.8B	11.9B

Revenue Growth

Revenue Growth	2026	2027
High	21.9%	15.7%
Avg	11.4%	6.1%
Low	4.6%	-5.3%

EPS Forecast

EPS	2026	2027
High	27.14	31.50
Avg	26.02	28.78
Low	24.01	24.85

EPS Growth

EPS Growth	2026	2027
High	7.1%	21.1%
Avg	2.7%	10.6%
Low	-5.2%	-4.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.