Ulta Beauty, Inc. (ULTA)
NASDAQ: ULTA · IEX Real-Time Price · USD
393.02
+8.61 (2.24%)
At close: Jul 2, 2024, 4:00 PM
393.01
-0.01 (0.00%)
After-hours: Jul 2, 2024, 7:56 PM EDT
Ulta Beauty Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Ulta Beauty stock have an average target of 504.48, with a low estimate of 350 and a high estimate of 690. The average target predicts an increase of 28.36% from the current stock price of 393.02.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ulta Beauty stock from 24 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 6 | 7 | 9 | 9 | 9 |
| Buy | 8 | 8 | 7 | 6 | 6 | 6 |
| Hold | 6 | 7 | 7 | 8 | 8 | 8 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 22 | 22 | 22 | 24 | 24 | 24 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $394 → $355 | Hold | Maintains | $394 → $355 | -9.67% | Jun 28, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $530 → $544 | Buy | Maintains | $530 → $544 | +38.42% | May 31, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $520 → $500 | Strong Buy | Maintains | $520 → $500 | +27.22% | May 31, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $540 → $500 | Hold | Maintains | $540 → $500 | +27.22% | May 31, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $505 → $498 | Buy | Maintains | $505 → $498 | +26.71% | May 31, 2024 |
Financial Forecast
Revenue This Year
11.80B
from 11.21B
Increased by 5.27%
Revenue Next Year
12.50B
from 11.80B
Increased by 5.91%
EPS This Year
26.30
from 26.03
Increased by 1.02%
EPS Next Year
28.88
from 26.30
Increased by 9.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2B | 13.1B | 13.8B | 14.5B | 15.4B |
| Avg | 11.8B | 12.5B | 13.2B | 14.1B | 14.9B |
| Low | 11.2B | 11.7B | 12.5B | 13.5B | 14.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.3% | 10.8% | 10.6% | 9.7% | 9.3% |
| Avg | 5.3% | 5.9% | 6.0% | 6.4% | 6.1% |
| Low | 0.3% | -0.9% | -0.0% | 2.1% | 1.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.34 | 30.79 | 35.00 | 38.22 | 43.49 |
| Avg | 26.30 | 28.88 | 31.98 | 36.90 | 41.59 |
| Low | 24.69 | 25.92 | 28.42 | 35.24 | 39.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.0% | 17.1% | 21.2% | 19.5% | 17.9% |
| Avg | 1.0% | 9.8% | 10.7% | 15.4% | 12.7% |
| Low | -5.1% | -1.4% | -1.6% | 10.2% | 6.5% |
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.