Ulta Beauty Stock Forecast

Stock Price Forecast

According to 23 professional analysts, the 12-month price target for Ulta Beauty stock ranges from a low of $315 to a high of $526. The average analyst price target of $425.65 forecasts a 3.47% increase in the stock price over the next year.

Price Target: $425.65 (+3.47%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$315	$425.65	$423	$526
Change	-23.43%	+3.47%	+2.82%	+27.86%

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	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	6	6	6	5	6	6
Buy	6	7	7	7	7	7
Hold	11	11	11	11	11	11
Sell	1	1	1	1	1	1
Strong Sell	1	0	0	0	0	0
Total	25	25	25	24	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ike Boruchow Wells Fargo	Wells Fargo	Sell Maintains $300 → $315	Sell	Maintains	$300 → $315	-23.43%	May 14, 2025
Ike Boruchow Wells Fargo	Wells Fargo	Sell Maintains $310 → $300	Sell	Maintains	$310 → $300	-27.07%	Apr 30, 2025
Michael Baker DA Davidson	DA Davidson	Strong Buy Maintains $415	Strong Buy	Maintains	$415	+0.88%	Apr 16, 2025
Kristina Ruggeri Argus Research	Argus Research	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Apr 14, 2025
Kate McShane Goldman Sachs	Goldman Sachs	Hold → Strong Buy Upgrades $384 → $423	Hold → Strong Buy	Upgrades	$384 → $423	+2.82%	Apr 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

11.85B

from 11.30B

4.90%

from 11.30B

Revenue Next Year

12.39B

from 11.85B

4.59%

from 11.85B

EPS This Year

23.52

from 25.34

-7.17%

from 25.34

EPS Next Year

26.09

from 23.52

10.90%

from 23.52

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Feb 1, 2026	Feb 1, 2027	Feb 1, 2028
Revenue	6.15B	8.63B	10.21B	11.21B	11.30B	11.85B	12.39B	13.08B
Revenue Growth	-16.84%	40.29%	18.28%	9.78%	0.79%	4.90%	4.59%	5.57%
EPS	3.11	17.98	24.01	26.03	25.34	23.52	26.09	29.28
EPS Growth	-74.40%	478.14%	33.54%	8.41%	-2.65%	-7.17%	10.90%	12.25%
Forward PE	-	-	-	-	-	17.49	15.77	14.05
No. Analysts	-	-	-	-	-	35	34	16

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

Revenue Forecast

Revenue	2026	2027	2028
High	12.9B	13.0B	13.8B
Avg	11.8B	12.4B	13.1B
Low	11.3B	11.7B	12.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	14.3%	9.7%	11.0%
Avg	4.9%	4.6%	5.6%
Low	-0.1%	-1.4%	0.3%

EPS Forecast

EPS	2026	2027	2028
High	27.62	28.61	31.80
Avg	23.52	26.09	29.28
Low	22.06	22.64	27.12

EPS Growth

EPS Growth	2026	2027	2028
High	9.0%	21.6%	21.9%
Avg	-7.2%	10.9%	12.3%
Low	-12.9%	-3.8%	3.9%

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.