Ulta Beauty (ULTA) Stock Forecast, Price Target & Predictions
ULTA Stock Forecast
Ulta Beauty stock forecast is as follows: an average price target of $470.92 (represents a 24.47% upside from ULTA’s last price of $378.34) and a rating consensus of 'Hold', based on 19 wall street analysts offering a 1-year stock forecast.
ULTA Price Target
The average price target for Ulta Beauty (ULTA) is $470.92 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $610.00 to $345.00. This represents a potential 24.47% upside from ULTA's last price of $378.34.
ULTA Analyst Ratings
According to 19 Wall Street analysts, Ulta Beauty's rating consensus is 'Hold'. The analyst rating breakdown for ULTA stock is 1 'Strong Buy' (5.26%), 8 'Buy' (42.11%), 9 'Hold' (47.37%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).
Ulta Beauty Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Anthony Chukumba | Loop Capital Markets | $450.00 | $360.86 | 24.70% | 18.94% |
| Aug 30, 2024 | Kate McShane | Goldman Sachs | $398.00 | $351.96 | 13.08% | 5.20% |
| Aug 30, 2024 | Michael Binetti | Evercore ISI | $420.00 | $367.58 | 14.26% | 11.01% |
| Aug 30, 2024 | Rupesh Parikh | Oppenheimer | $435.00 | $367.58 | 18.34% | 14.98% |
| Aug 30, 2024 | Mark Astrachan | Stifel Nicolaus | $385.00 | $367.58 | 4.74% | 1.76% |
| Aug 30, 2024 | Michael Lasser | UBS | $505.00 | $367.58 | 37.39% | 33.48% |
| Aug 30, 2024 | Kelly Crago | Citigroup | $345.00 | $367.58 | -6.14% | -8.81% |
| Aug 28, 2024 | Christopher Horvers | J.P. Morgan | $450.00 | $366.82 | 22.68% | 18.94% |
| Aug 27, 2024 | Susan Anderson | Canaccord Genuity | $500.00 | $371.18 | 34.71% | 32.16% |
| Aug 26, 2024 | Michael Binetti | Evercore ISI | $430.00 | $374.45 | 14.84% | 13.65% |
The latest Ulta Beauty stock forecast, released on Sep 03, 2024 by Anthony Chukumba from Loop Capital Markets, set a price target of $450.00, which represents a 24.70% increase from the stock price at the time of the forecast ($360.86), and a 18.94% increase from ULTA last price ($378.34).
Ulta Beauty Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 12 | 13 | 50 |
| Avg Price Target | $431.50 | $432.92 | $507.38 |
| Last Closing Price | $378.34 | $378.34 | $378.34 |
| Upside/Downside | 14.05% | 14.43% | 34.11% |
In the current month, the average price target of Ulta Beauty stock is $431.50, according to 12 Wall Street analysts offering twelve months forecast. The average price target represents a 14.05% increase as opposed to Ulta Beauty's last price of $378.34. This month's average price target is down -0.33% compared to last quarter, and down -14.96% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 10, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Sep 09, 2024 | B. Riley | - | Sell | Initialise |
| Sep 03, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Aug 30, 2024 | BMO Capital | Perform | Perform | Hold |
| Aug 30, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Aug 30, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 30, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Aug 30, 2024 | UBS | Buy | Buy | Hold |
| Aug 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 27, 2024 | Canaccord Genuity | Buy | Buy | Hold |
Ulta Beauty's last stock rating was published by Wells Fargo on Sep 10, 2024. The company gave ULTA a "Market Perform" rating, the same as its previous rate.
Ulta Beauty Financial Forecast
Ulta Beauty Revenue Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $3.55B | - | - | - | - | - | - | - | - | - | - | $1.94B | - | - | $1.23B | $1.17B | $2.31B | $1.68B |
| Avg Forecast | $3.81B | $2.66B | $2.80B | $2.93B | $3.55B | $2.62B | $2.67B | $2.82B | $3.40B | $2.49B | $2.60B | $2.72B | $3.53B | $2.47B | $2.50B | $2.62B | $3.03B | $2.21B | $2.21B | $2.12B | $2.69B | $1.89B | $1.77B | $1.65B | $2.08B | $1.56B | $1.25B | $1.23B | $2.29B | $1.69B |
| High Forecast | $3.94B | $2.75B | $2.89B | $3.04B | $3.67B | $2.71B | $2.76B | $2.92B | $3.50B | $2.64B | $2.69B | $2.82B | $3.65B | $2.51B | $2.59B | $2.71B | $3.13B | $2.29B | $2.24B | $2.23B | $2.80B | $1.96B | $1.83B | $1.72B | $2.16B | $1.62B | $1.30B | $1.28B | $2.38B | $1.75B |
| Low Forecast | $3.69B | $2.58B | $2.71B | $2.84B | $3.44B | $2.54B | $2.59B | $2.73B | $3.32B | $2.39B | $2.52B | $2.64B | $3.42B | $2.42B | $2.42B | $2.54B | $2.94B | $2.15B | $2.16B | $2.08B | $2.64B | $1.85B | $1.73B | $1.62B | $2.04B | $1.53B | $1.22B | $1.21B | $2.25B | $1.66B |
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 8 | 10 | 16 | 8 | 8 | 10 | 13 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | - | - | - | - | - | - | - | - | - | 1.17% | - | - | 0.98% | 0.95% | 1.01% | 1.00% |
Ulta Beauty's average Quarter revenue forecast for May 24 based on 8 analysts is $2.72B, with a low forecast of $2.64B, and a high forecast of $2.82B. ULTA's average Quarter revenue forecast represents a -23.38% decrease compared to the company's last Quarter revenue of $3.55B (Feb 24).
Ulta Beauty EBITDA Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 8 | 10 | 16 | 8 | 8 | 10 | 13 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $582.77M | - | - | - | - | - | - | - | - | - | - | $375.92M | - | - | $171.67M | $14.23M | $364.15M | $242.04M |
| Avg Forecast | $628.04M | $438.42M | $461.18M | $483.77M | $584.89M | $431.59M | $439.74M | $464.60M | $561.20M | $411.38M | $428.64M | $434.35M | $582.11M | $407.14M | $412.41M | $394.86M | $499.48M | $412.02M | $364.49M | $350.06M | $152.75M | $374.56M | $291.05M | $177.97M | $153.67M | $257.89M | $205.92M | $349.37M | $229.25M | $278.68M |
| High Forecast | $649.74M | $453.58M | $477.12M | $500.49M | $605.10M | $446.50M | $454.93M | $480.65M | $577.66M | $434.51M | $443.45M | $521.21M | $602.22M | $413.73M | $426.66M | $473.83M | $516.74M | $494.42M | $369.30M | $366.94M | $183.30M | $449.47M | $302.10M | $213.56M | $184.40M | $267.67M | $213.73M | $419.24M | $275.10M | $289.25M |
| Low Forecast | $608.76M | $424.96M | $447.02M | $468.91M | $566.93M | $418.34M | $426.24M | $450.33M | $548.03M | $394.86M | $415.48M | $347.48M | $564.24M | $398.89M | $399.75M | $315.89M | $484.14M | $329.61M | $356.33M | $342.92M | $122.20M | $299.65M | $285.12M | $142.37M | $122.93M | $252.63M | $201.72M | $279.49M | $183.40M | $273.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | - | - | - | - | - | - | - | - | - | - | 2.11% | - | - | 0.83% | 0.04% | 1.59% | 0.87% |
8 analysts predict ULTA's average Quarter EBITDA for May 24 to be $434.35M, with a high of $521.21M and a low of $347.48M. This is -25.47% lower than Ulta Beauty's previous annual EBITDA (Feb 24) of $582.77M.
Ulta Beauty Net Income Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 8 | 10 | 16 | 8 | 8 | 10 | 13 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $394.37M | - | - | - | - | - | - | - | - | - | - | $230.29M | - | - | $8.05M | $-78.51M | $222.72M | $129.75M |
| Avg Forecast | $427.87M | $262.34M | $310.79M | $352.30M | $360.01M | $239.97M | $273.85M | $320.21M | $329.13M | $217.44M | $259.56M | $286.68M | $358.84M | $236.23M | $278.40M | $260.62M | $271.69M | $258.15M | $241.10M | $217.67M | $94.34M | $234.68M | $124.65M | $103.55M | $67.27M | $72.76M | $2.82M | $213.17M | $122.44M | $103.80M |
| High Forecast | $447.09M | $274.13M | $324.75M | $368.13M | $376.19M | $250.76M | $286.15M | $334.59M | $347.18M | $239.18M | $271.23M | $344.02M | $374.96M | $247.66M | $290.91M | $312.74M | $283.90M | $309.78M | $245.23M | $231.32M | $113.21M | $281.62M | $130.80M | $124.26M | $80.72M | $76.34M | $2.95M | $255.80M | $146.92M | $108.92M |
| Low Forecast | $410.79M | $251.87M | $298.38M | $338.24M | $345.65M | $230.40M | $262.92M | $307.42M | $312.03M | $199.56M | $249.20M | $229.34M | $344.52M | $226.22M | $267.29M | $208.50M | $260.85M | $206.52M | $234.08M | $211.90M | $75.47M | $187.75M | $121.35M | $82.84M | $53.81M | $70.83M | $2.74M | $170.53M | $97.95M | $101.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | - | - | - | - | - | - | - | - | - | - | 2.22% | - | - | 2.86% | -0.37% | 1.82% | 1.25% |
Ulta Beauty's average Quarter net income forecast for May 24 is $286.68M, with a range of $229.34M to $344.02M. ULTA's average Quarter net income forecast represents a -27.31% decrease compared to the company's last Quarter net income of $394.37M (Feb 24).
Ulta Beauty SG&A Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 8 | 10 | 16 | 8 | 8 | 10 | 13 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $820.36M | - | - | - | - | - | - | - | - | - | - | $443.88M | - | - | $271.59M | $380.91M | $515.54M | $449.20M |
| Avg Forecast | $921.20M | $643.07M | $676.45M | $709.58M | $857.91M | $633.05M | $645.00M | $681.46M | $823.16M | $603.40M | $628.72M | $643.94M | $853.82M | $597.18M | $604.91M | $585.40M | $732.63M | $477.73M | $534.63M | $513.46M | $220.60M | $434.30M | $426.91M | $310.45M | $374.46M | $378.27M | $302.03M | $493.43M | $423.89M | $408.76M |
| High Forecast | $953.03M | $665.30M | $699.82M | $734.10M | $887.55M | $654.92M | $667.29M | $705.01M | $847.30M | $637.33M | $650.44M | $772.72M | $883.33M | $606.85M | $625.82M | $702.48M | $757.94M | $573.27M | $541.68M | $538.22M | $264.72M | $521.16M | $443.11M | $372.54M | $449.35M | $392.62M | $313.49M | $592.11M | $508.67M | $424.27M |
| Low Forecast | $892.91M | $623.33M | $655.68M | $687.79M | $831.57M | $613.61M | $625.20M | $660.54M | $803.84M | $579.17M | $609.41M | $515.15M | $827.61M | $585.09M | $586.34M | $468.32M | $710.13M | $382.18M | $522.65M | $502.99M | $176.48M | $347.44M | $418.21M | $248.36M | $299.57M | $370.56M | $295.88M | $394.74M | $339.11M | $400.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | - | - | - | - | - | - | - | - | 1.43% | - | - | 0.90% | 0.77% | 1.22% | 1.10% |
Ulta Beauty's average Quarter SG&A projection for May 24 is $643.94M, based on 8 Wall Street analysts, with a range of $515.15M to $772.72M. The forecast indicates a -21.51% fall compared to ULTA last annual SG&A of $820.36M (Feb 24).
Ulta Beauty EPS Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 14 | 9 | 9 | 14 | 8 | 9 | 15 | 18 | 18 | 9 | 8 | 10 | 16 | 8 | 8 | 10 | 13 | 7 | 7 | 9 | 14 | 8 | 8 | 10 | 14 | 8 | 8 | 10 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $8.13 | - | - | - | - | - | - | - | - | - | - | $4.13 | - | - | $0.14 | $-1.39 | $3.91 | $2.25 |
| Avg Forecast | $8.98 | $5.50 | $6.52 | $7.39 | $7.55 | $5.03 | $5.75 | $6.72 | $6.90 | $4.56 | $5.45 | $6.25 | $7.53 | $4.96 | $5.84 | $6.83 | $5.70 | $4.15 | $4.98 | $4.46 | $4.58 | $2.48 | $2.55 | $1.99 | $2.34 | $1.49 | $0.06 | $0.58 | $3.73 | $2.13 |
| High Forecast | $9.38 | $5.75 | $6.81 | $7.72 | $7.89 | $5.26 | $6.00 | $7.02 | $7.28 | $5.02 | $5.69 | $6.53 | $7.87 | $5.20 | $6.10 | $7.14 | $5.96 | $4.34 | $5.07 | $4.74 | $4.81 | $2.60 | $2.68 | $2.09 | $2.46 | $1.56 | $0.06 | $0.61 | $3.91 | $2.23 |
| Low Forecast | $8.62 | $5.28 | $6.26 | $7.10 | $7.25 | $4.83 | $5.52 | $6.45 | $6.55 | $4.19 | $5.23 | $6.00 | $7.23 | $4.75 | $5.61 | $6.56 | $5.47 | $3.99 | $4.84 | $4.34 | $4.46 | $2.42 | $2.49 | $1.94 | $2.28 | $1.45 | $0.06 | $0.56 | $3.63 | $2.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | - | - | - | - | - | - | - | - | - | - | 2.07% | - | - | 2.43% | -2.40% | 1.05% | 1.06% |
According to 8 Wall Street analysts, Ulta Beauty's projected average Quarter EPS for May 24 is $6.25, with a low estimate of $6.00 and a high estimate of $6.53. This represents a -23.08% decrease compared to ULTA previous annual EPS of $8.13 (Feb 24).
Ulta Beauty Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WSM | Williams-Sonoma | $144.51 | $201.11 | 39.17% | Hold |
| RH | RH | $321.87 | $410.17 | 27.43% | Buy |
| ULTA | Ulta Beauty | $378.34 | $470.92 | 24.47% | Hold |
| DKS | DICK'S Sporting Goods | $216.95 | $225.90 | 4.13% | Buy |
| BBY | Best Buy | $98.45 | $96.00 | -2.49% | Buy |
| AZO | AutoZone | $3.12K | $2.72K | -12.99% | Buy |
| ORLY | O'Reilly Automotive | $1.13K | $896.29 | -20.36% | Buy |
ULTA Forecast FAQ
Is Ulta Beauty a good buy?
No, according to 19 Wall Street analysts, Ulta Beauty (ULTA) is considered a 'Hold'. The rating consensus is based on 1 'Strong Buy' and 8 'Buy' recommendations, accounting for 47.37% of ULTA's total ratings.
What is ULTA's price target?
Ulta Beauty (ULTA) average price target is $470.92 with a range of $345 to $610, implying a 24.47% from its last price of $378.34. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ulta Beauty stock go up soon?
According to Wall Street analysts' prediction for ULTA stock, the company can go up by 24.47% (from the last price of $378.34 to the average price target of $470.92), up by 61.23% based on the highest stock price target, and down by -8.81% based on the lowest stock price target.
Can Ulta Beauty stock reach $600?
ULTA's highest twelve months analyst stock price target of $610 supports the claim that Ulta Beauty can reach $600 in the near future.
What is Ulta Beauty's current price target trend?
12 Wall Street analysts forecast a $431.5 price target for Ulta Beauty (ULTA) this month, up 14.05% from its last price of $378.34. Compared to the last 3 and 12 months, the average price target increased by 14.43% and increased by 34.11%, respectively.
What are Ulta Beauty's analysts' financial forecasts?
Ulta Beauty's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $11.65B (high $12.05B, low $11.29B), average EBITDA is $1.92B (high $1.99B, low $1.86B), average net income is $1.19B (high $1.25B, low $1.15B), average SG&A $2.82B (high $2.91B, low $2.73B), and average EPS is $25.05 (high $26.18, low $24.05). ULTA's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $12.2B (high $12.62B, low $11.82B), average EBITDA is $2.01B (high $2.08B, low $1.95B), average net income is $1.35B (high $1.41B, low $1.3B), average SG&A $2.95B (high $3.05B, low $2.86B), and average EPS is $28.39 (high $29.67, low $27.26).
Did the ULTA's actual financial results beat the analysts' financial forecasts?
Based on Ulta Beauty's last annual report (Feb 2024), the company's revenue was $11.21B, beating the average analysts forecast of $11.12B by 0.76%. Apple's EBITDA was $1.93B, beating the average prediction of $1.8B by 7.45%. The company's net income was $1.29B, beating the average estimation of $1.13B by 13.84%. Apple's SG&A was $2.69B, beating the average forecast of $2.64B by 2.02%. Lastly, the company's EPS was $26.18, beating the average prediction of $25.16 by 4.06%. In terms of the last quarterly report (Feb 2024), Ulta Beauty's revenue was $3.55B, beating the average analysts' forecast of $3.53B by 0.68%. The company's EBITDA was $582.77M, beating the average prediction of $582.11M by 0.11%. Ulta Beauty's net income was $394.37M, beating the average estimation of $358.84M by 9.90%. The company's SG&A was $820.36M, missing the average forecast of $853.82M by -3.92%. Lastly, the company's EPS was $8.13, beating the average prediction of $7.53 by 8.00%