Ulta Beauty Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Ulta Beauty stock have an average target of 562.57, with a low estimate of 438 and a high estimate of 690. The average target predicts an increase of 32.34% from the current stock price of 425.11.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$438	$562.57	$571	$690
Change	+3.03%	+32.34%	+34.32%	+62.31%

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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	7	7	7	6	7	9
Buy	8	8	8	8	7	7
Hold	6	6	6	7	7	7
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	22	22	22	22	22	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ashley Helgans Jefferies	Jefferies	Strong Buy → Hold Downgrades $585 → $438	Strong Buy → Hold	Downgrades	$585 → $438	+3.03%	Apr 19, 2024
Oliver Chen TD Cowen	TD Cowen	Strong Buy Maintains $580 → $520	Strong Buy	Maintains	$580 → $520	+22.32%	Apr 18, 2024
Ashley Helgans Jefferies	Jefferies	Strong Buy Maintains $610 → $585	Strong Buy	Maintains	$610 → $585	+37.61%	Apr 10, 2024
Korinne Wolfmeyer Piper Sandler	Piper Sandler	Buy Maintains $665 → $595	Buy	Maintains	$665 → $595	+39.96%	Apr 9, 2024
Anthony Chukumba Loop Capital	Loop Capital	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Apr 8, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.02B

from 11.21B

7.21%

from 11.21B

Revenue Next Year

12.77B

from 12.02B

6.28%

from 12.02B

EPS This Year

27.24

from 26.03

4.66%

from 26.03

EPS Next Year

30.12

from 27.24

10.56%

from 27.24

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	7.40B	6.15B	8.63B	10.21B	11.21B	12.02B	12.77B	13.51B	14.32B	15.13B
Revenue Growth	10.15%	-16.84%	40.30%	18.28%	9.78%	7.21%	6.28%	5.79%	5.98%	5.69%
EPS	12.15	3.11	17.98	24.01	26.03	27.24	30.12	33.18	38.85	43.33
EPS Growth	11.06%	-74.40%	478.14%	33.54%	8.41%	4.66%	10.56%	10.18%	17.06%	11.54%
No. Analysts	-	-	-	-	-	33	31	16	4	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.6B	13.5B	14.3B	14.7B	15.6B
Avg	12.0B	12.8B	13.5B	14.3B	15.1B
Low	11.4B	12.0B	12.7B	13.8B	14.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.2%	12.0%	12.1%	9.1%	9.1%
Avg	7.2%	6.3%	5.8%	6.0%	5.7%
Low	1.6%	0.2%	-0.5%	1.8%	1.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	29.40	32.97	36.86	40.77	45.46
Avg	27.24	30.12	33.18	38.85	43.33
Low	25.10	27.69	29.80	36.59	40.83

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	12.9%	21.0%	22.4%	22.9%	17.0%
Avg	4.7%	10.6%	10.2%	17.1%	11.5%
Low	-3.6%	1.6%	-1.1%	10.3%	5.1%

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.