Ulta Beauty, Inc. (ULTA)
NASDAQ: ULTA · Real-Time Price · USD
686.12
+4.48 (0.66%)
Jan 23, 2026, 4:00 PM EST - Market closed
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 -10.32% decrease in the stock price over the next year. The lowest target is $330 and the highest is $790.
Price Target: $615.33 (-10.32%)
Analyst Consensus: Buy
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 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 6 | 5 | 5 | 6 | 7 |
| Buy | 8 | 9 | 9 | 9 | 9 | 8 |
| Hold | 11 | 11 | 11 | 11 | 10 | 10 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 25 | 27 | 26 | 26 | 26 | 26 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Maintains $725 → $775 | Strong Buy | Maintains | $725 → $775 | +12.95% | Jan 21, 2026 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $605 → $790 | Buy → Strong Buy | Upgrades | $605 → $790 | +15.14% | Jan 21, 2026 |
| Oppenheimer | Oppenheimer | Buy Maintains $675 → $750 | Buy | Maintains | $675 → $750 | +9.31% | Jan 20, 2026 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $640 → $750 | Buy | Maintains | $640 → $750 | +9.31% | Jan 15, 2026 |
| Jefferies | Jefferies | Hold Initiates $600 → $700 | Hold | Initiates | $600 → $700 | +2.02% | Jan 14, 2026 |
Financial Forecast
Revenue This Year
12.57B
from 11.30B
Increased by 11.26%
Revenue Next Year
13.32B
from 12.57B
Increased by 5.99%
EPS This Year
26.10
from 25.34
Increased by 2.98%
EPS Next Year
28.84
from 26.10
Increased by 10.53%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 13.6B | 14.4B | ||||
| Avg | 12.6B | 13.3B | ||||
| Low | 11.8B | 11.9B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 20.2% | 14.7% | ||||
| Avg | 11.3% | 6.0% | ||||
| Low | 4.6% | -5.2% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 30.12 | 33.62 | ||||
| Avg | 26.10 | 28.84 | ||||
| Low | 24.01 | 24.85 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 18.9% | 28.8% | ||||
| Avg | 3.0% | 10.5% | ||||
| Low | -5.2% | -4.8% |
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.