Ulta Beauty Stock Forecast

Stock Price Forecast

According to 28 analysts polled by S&P Global, Ulta Beauty stock has a consensus rating of "Buy" and an average price target of $631.44. The average 1-year stock price forecast is 11.92% higher than the current stock price, while the lowest is $500 (-11.38%) and the highest is $731 (+29.56%).

Price Target: $631.44 (+11.92%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$500	$631.44	$635	$731
Change	-11.38%	+11.92%	+12.55%	+29.56%

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

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	15	15	15	15	15	15
Buy	4	4	4	4	4	4
Hold	7	7	7	7	9	9
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	0	0
Total	27	27	27	27	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Susan Anderson Canaccord Genuity	Canaccord Genuity	Buy Reiterates $731	Buy	Reiterates	$731	+29.56%	Sep 24, 2026
Dana Telsey Telsey Advisory	Telsey Advisory	Buy Maintains $715	Buy	Maintains	$715	+26.73%	Sep 21, 2026
Ike Boruchow Wells Fargo	Wells Fargo	Hold Upgrades $450 → $525	Hold	Upgrades	$450 → $525	-6.95%	Sep 15, 2026
Michael Baker D.A. Davidson	D.A. Davidson	Buy Reiterates $625	Buy	Reiterates	$625	+10.77%	Sep 11, 2026
Adrienne Yih Barclays	Barclays	Buy Maintains $645	Buy	Maintains	$645	+14.32%	Sep 11, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

13.28B

from 12.39B

7.12%

from 12.39B

Revenue Next Year

13.96B

from 13.28B

5.16%

from 13.28B

EPS This Year

29.00

from 25.64

13.09%

from 25.64

EPS Next Year

32.09

from 29.00

10.66%

from 29.00

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Jan 31, 2026	Jan 31, 2027
Revenue	8.63B	10.21B	11.21B	11.30B	12.39B	13.28B
Revenue Growth	40.29%	18.28%	9.78%	0.79%	9.71%	7.12%
Gross Profit	3.76B	4.45B	4.81B	4.83B	5.33B	5.19B
Gross Margin	43.54%	43.59%	42.95%	42.78%	43.05%	39.12%
Operating Income	1.30B	1.64B	1.68B	1.56B	1.53B	1.66B
Net Income	985.84M	1.24B	1.29B	1.20B	1.15B	1.24B
EPS	-	-	-	-	25.64	29.00
EPS Growth	-	-	-	-	1.18%	13.09%
Forward PE	20.63	21.71	18.90	17.48	23.63	19.46
Free Cash Flow	-	-	-	-	1.07B	1.12B
No. Analysts	-	-	-	-	-	26

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2027	2028	2029
High	13.5B
Avg	13.3B
Low	13.2B

Revenue Growth

Chart

Revenue Growth	2027	2028	2029
High	8.9%
Avg	7.1%
Low	6.8%

EPS Forecast

Chart

EPS	2027	2028	2029
High	30.00
Avg	29.00
Low	28.70

EPS Growth

Chart

EPS Growth	2027	2028	2029
High	17.0%
Avg	13.1%
Low	11.9%