Ulta Beauty, Inc. (ULTA)

Ulta Beauty Stock Forecast

Stock Price Forecast

The 21 analysts that cover Ulta Beauty stock have a consensus rating of "Buy" and an average price target of $669.38, which forecasts a 31.16% increase in the stock price over the next year. The lowest target is $437 and the highest is $799.

Price Target: $669.38 (+31.16%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$437	$669.38	$700	$799
Change	-14.37%	+31.16%	+37.16%	+56.56%

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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	5	5	6	7	7	7
Buy	9	9	9	8	8	8
Hold	11	11	10	10	10	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	26	26	26	26	26	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Susan Anderson Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $799	Strong Buy	Maintains	$799	+56.56%	Mar 13, 2026
Rupesh Parikh Oppenheimer	Oppenheimer	Buy Maintains $750 → $650	Buy	Maintains	$750 → $650	+27.37%	Mar 13, 2026
Christopher Horvers JP Morgan	JP Morgan	Buy Maintains $800 → $750	Buy	Maintains	$800 → $750	+46.96%	Mar 13, 2026
Anna Andreeva Piper Sandler	Piper Sandler	Buy Reiterates $775 → $725	Buy	Reiterates	$775 → $725	+42.06%	Mar 13, 2026
Simeon Gutman Morgan Stanley	Morgan Stanley	Buy Maintains $750 → $700	Buy	Maintains	$750 → $700	+37.16%	Mar 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

13.46B

Increased by 8.61%

from 12.39B

Revenue Next Year

14.13B

Increased by 4.94%

from 13.46B

EPS This Year

29.08

Increased by 13.42%

from 25.64

EPS Next Year

31.62

Increased by 8.73%

from 29.08

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Jan 31, 2026	Jan 31, 2027	Jan 31, 2028
Revenue	8.63B	10.21B	11.21B	11.30B	12.39B	13.46B	14.13B
Revenue Growth	40.29%	18.28%	9.78%	0.79%	9.71%	8.61%	4.94%
EPS	17.98	24.01	26.03	25.34	25.64	29.08	31.62
EPS Growth	478.14%	33.54%	8.41%	-2.65%	1.18%	13.42%	8.73%
Forward PE	-	-	-	-	-	17.55	16.14
No. Analysts	-	-	-	-	-	33	26

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

Revenue Forecast

Revenue	2027	2028	2029	2030	2031
High	14.8B	15.0B
Avg	13.5B	14.1B
Low	12.1B	12.4B

Revenue Growth

Revenue Growth	2027	2028	2029	2030	2031
High	19.2%	11.1%
Avg	8.6%	4.9%
Low	-2.2%	-7.7%

EPS Forecast

EPS	2027	2028	2029	2030	2031
High	36.13	35.62
Avg	29.08	31.62
Low	24.85	26.58

EPS Growth

EPS Growth	2027	2028	2029	2030	2031
High	40.9%	22.5%
Avg	13.4%	8.7%
Low	-3.1%	-8.6%

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.