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Ulta Beauty (ULTA) Stock Forecast, Price Target & Predictions

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ULTA Stock Forecast

Ulta Beauty stock forecast is as follows: an average price target of $446.92 (represents a 30.20% upside from ULTA’s last price of $343.26) 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 $446.92 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $580.00 to $345.00. This represents a potential 30.20% upside from ULTA's last price of $343.26.

ULTA Analyst Ratings

Hold

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%), 6 'Buy' (31.58%), 11 'Hold' (57.89%), 1 'Sell' (5.26%), and 0 'Strong Sell' (0.00%).

Ulta Beauty Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 17, 2024Simeon SiegelBMO Capital$385.00$372.013.49%12.16%
Oct 17, 2024Korinne WolfmeyerPiper Sandler$357.00$373.21-4.34%4.00%
Oct 17, 2024Mark AstrachanStifel Nicolaus$395.00$373.215.84%15.07%
Oct 16, 2024Michael BakerD.A. Davidson$435.00$360.3620.71%26.73%
Oct 14, 2024Olivia TongRaymond James$440.00$370.5818.73%28.18%
Oct 11, 2024Korinne WolfmeyerPiper Sandler$365.00$371.08-1.64%6.33%
Sep 03, 2024Anthony ChukumbaLoop Capital Markets$450.00$360.8624.70%31.10%
Aug 30, 2024Kate McShaneGoldman Sachs$398.00$351.9613.08%15.95%
Aug 30, 2024Michael BinettiEvercore ISI$420.00$367.5814.26%22.36%
Aug 30, 2024Rupesh ParikhOppenheimer$435.00$367.5818.34%26.73%
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The latest Ulta Beauty stock forecast, released on Oct 17, 2024 by Simeon Siegel from BMO Capital, set a price target of $385.00, which represents a 3.49% increase from the stock price at the time of the forecast ($372.01), and a 12.16% increase from ULTA last price ($343.26).

Ulta Beauty Price Target by Period

1M3M12M
# Anlaysts-1856
Avg Price Target-$419.72$495.46
Last Closing Price$343.26$343.26$343.26
Upside/Downside-100.00%22.27%44.34%

In the current month, the average price target of Ulta Beauty stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ulta Beauty's last price of $343.26. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Bank of America SecuritiesNeutralNeutralHold
Oct 17, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 17, 2024Loop Capital MarketsBuyBuyHold
Oct 16, 2024CitigroupNeutralNeutralHold
Oct 14, 2024Raymond JamesOutperformOutperformHold
Oct 11, 2024Piper SandlerNeutralNeutralHold
Oct 03, 2024Wells FargoMarket PerformMarket PerformHold
Oct 03, 2024UBSUnderperformUnderperformHold
Oct 03, 2024Cowen & Co.HoldHoldHold
Oct 01, 2024Wells FargoUnderweightUnderweightHold
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Ulta Beauty's last stock rating was published by Bank of America Securities on Oct 17, 2024. The company gave ULTA a "Neutral" rating, the same as its previous rate.

Ulta Beauty Financial Forecast

Ulta Beauty Revenue Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
Revenue------------$3.55B----------$1.94B--$1.23B$1.17B$2.31B$1.68B
Avg Forecast$3.67B$2.68B$2.76B$2.93B$3.55B$2.59B$2.64B$2.80B$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$3.79B$2.77B$2.85B$3.03B$3.66B$2.68B$2.73B$2.89B$3.51B$2.52B$2.61B$2.72B$3.53B$2.51B$2.58B$2.71B$3.13B$2.28B$2.32B$2.23B$2.83B$1.99B$1.86B$1.74B$2.19B$1.64B$1.31B$1.30B$2.41B$1.78B
Low Forecast$3.59B$2.63B$2.71B$2.87B$3.47B$2.54B$2.59B$2.74B$3.33B$2.39B$2.59B$2.72B$3.53B$2.42B$2.45B$2.57B$2.97B$2.15B$2.15B$2.06B$2.62B$1.83B$1.71B$1.61B$2.02B$1.52B$1.21B$1.20B$2.23B$1.64B
# Analysts91499148915181898101688101377914881014881013
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 $2.72B, and a high forecast of $2.72B. 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 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts91499148915181898101688101377914881014881013
EBITDA------------$582.77M----------$375.92M--$171.67M$14.23M$364.15M$242.04M
Avg Forecast$578.14M$422.75M$435.36M$461.84M$558.38M$408.50M$416.27M$440.67M$535.06M$392.29M$409.34M$434.35M$555.90M$388.81M$393.84M$394.86M$168.02M$365.21M$364.49M$358.96M$444.14M$311.45M$291.05M$177.97M$343.70M$257.89M$205.92M$349.37M$378.11M$278.68M
High Forecast$596.83M$436.41M$449.43M$476.77M$576.42M$421.70M$429.73M$454.91M$552.37M$397.03M$411.16M$521.21M$556.38M$395.10M$406.57M$473.83M$201.63M$375.68M$383.31M$430.76M$467.07M$327.53M$306.08M$213.56M$361.45M$271.20M$216.55M$419.24M$397.63M$293.07M
Low Forecast$566.06M$413.91M$426.26M$452.19M$546.70M$399.95M$407.57M$431.45M$524.05M$376.47M$407.52M$347.48M$555.43M$380.94M$385.61M$315.89M$134.42M$354.78M$354.02M$287.17M$431.38M$302.50M$282.69M$142.37M$333.83M$250.48M$200.00M$279.49M$367.25M$270.67M
Surprise %------------1.05%----------2.11%--0.83%0.04%0.96%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 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts91499148915181898101688101377914881014881013
Net Income------------$394.37M----------$230.29M--$8.05M$-78.51M$222.72M$129.75M
Avg Forecast$370.08M$241.95M$284.98M$323.27M$328.08M$212.20M$248.16M$292.41M$326.78M$215.23M$259.56M$286.68M$358.84M$236.23M$278.40M$260.62M$103.78M$197.86M$237.54M$236.93M$218.47M$118.27M$121.77M$103.55M$111.66M$71.07M$2.75M$213.17M$177.77M$101.40M
High Forecast$385.63M$252.12M$296.95M$336.85M$341.87M$221.11M$258.59M$304.69M$343.50M$225.38M$261.77M$344.02M$359.03M$247.66M$290.10M$312.74M$124.53M$205.23M$253.48M$284.31M$233.13M$126.20M$129.94M$124.26M$119.16M$75.84M$2.93M$255.80M$189.70M$108.20M
Low Forecast$360.02M$235.37M$277.23M$314.48M$319.16M$206.43M$241.42M$284.46M$308.62M$196.36M$257.36M$229.34M$358.65M$226.22M$270.83M$208.50M$83.02M$190.51M$228.67M$189.54M$210.31M$113.85M$117.22M$82.84M$107.49M$68.42M$2.65M$170.53M$171.13M$97.61M
Surprise %------------1.10%----------2.22%--2.93%-0.37%1.25%1.28%

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 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts91499148915181898101688101377914881014881013
SG&A------------$820.36M----------$443.88M--$271.59M$380.91M$515.54M$449.20M
Avg Forecast$887.98M$649.30M$668.68M$709.36M$857.62M$627.42M$639.36M$676.83M$821.81M$602.52M$628.72M$643.94M$853.82M$597.18M$604.91M$585.40M$242.66M$535.68M$534.63M$532.18M$651.46M$456.83M$426.91M$310.45M$504.14M$378.27M$302.03M$493.43M$554.61M$408.76M
High Forecast$916.68M$670.29M$690.30M$732.28M$885.34M$647.70M$660.03M$698.70M$848.40M$609.81M$631.51M$772.72M$854.55M$606.85M$624.46M$702.48M$291.19M$551.04M$562.23M$638.61M$685.09M$480.41M$448.95M$372.54M$530.16M$397.80M$317.63M$592.11M$583.24M$429.87M
Low Forecast$869.42M$635.73M$654.70M$694.52M$839.69M$614.30M$625.99M$662.68M$804.89M$578.23M$625.92M$515.15M$853.09M$585.09M$592.26M$468.32M$194.13M$520.38M$519.27M$425.74M$632.74M$443.71M$414.65M$248.36M$489.65M$367.40M$293.36M$394.74M$538.67M$397.02M
Surprise %------------0.96%----------1.43%--0.90%0.77%0.93%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 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts91499148915181898101688101377914881014881013
EPS------------$8.13----------$4.13--$0.14$-1.39$3.91$2.25
Avg Forecast$7.76$5.08$5.98$6.78$6.88$4.45$5.21$6.13$6.86$4.52$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$8.09$5.29$6.23$7.07$7.17$4.64$5.42$6.39$7.21$4.73$5.49$6.25$7.53$5.20$6.09$7.12$5.94$4.31$5.32$4.76$4.89$2.65$2.73$2.13$2.50$1.59$0.06$0.62$3.98$2.27
Low Forecast$7.55$4.94$5.82$6.60$6.70$4.33$5.06$5.97$6.47$4.12$5.40$6.25$7.52$4.75$5.68$6.65$5.54$4.00$4.80$4.29$4.41$2.39$2.46$1.92$2.26$1.44$0.06$0.56$3.59$2.05
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 $6.25 and a high estimate of $6.25. This represents a -23.08% decrease compared to ULTA previous annual EPS of $8.13 (Feb 24).

Ulta Beauty Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ULTAUlta Beauty$343.26$446.9230.20%Hold
RHRH$336.80$414.6723.12%Buy
DKSDICK'S Sporting Goods$194.18$225.9016.34%Buy
WSMWilliams-Sonoma$175.04$201.1114.89%Hold
BBYBest Buy$86.77$96.1910.86%Buy
AZOAutoZone$3.05K$2.91K-4.52%Buy
ORLYO'Reilly Automotive$1.19K$931.00-21.69%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 6 'Buy' recommendations, accounting for 36.84% of ULTA's total ratings.

What is ULTA's price target?

Ulta Beauty (ULTA) average price target is $446.92 with a range of $345 to $580, implying a 30.20% from its last price of $343.26. 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 30.20% (from the last price of $343.26 to the average price target of $446.92), up by 68.97% based on the highest stock price target, and up by 0.51% based on the lowest stock price target.

Can Ulta Beauty stock reach $500?

ULTA's highest twelve months analyst stock price target of $580 supports the claim that Ulta Beauty can reach $500 in the near future.

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 $11.58B (high $11.96B, low $11.34B), average EBITDA is $1.82B (high $1.88B, low $1.79B), average net income is $1.08B (high $1.13B, low $1.05B), average SG&A $2.8B (high $2.89B, low $2.74B), and average EPS is $22.67 (high $23.63, low $22.06). ULTA's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $12.05B (high $12.44B, low $11.8B), average EBITDA is $1.9B (high $1.96B, low $1.86B), average net income is $1.22B (high $1.27B, low $1.19B), average SG&A $2.92B (high $3.01B, low $2.85B), and average EPS is $25.6 (high $26.68, low $24.9).

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 $1.73B by 11.36%. 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 $555.9M by 4.83%. 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%