
Ulta Beauty (ULTA) Stock Forecast & Price Target
Ulta Beauty (ULTA) Analyst Ratings
Bulls say
Ulta Beauty demonstrated strong financial performance with net sales growing approximately 12.9%, driven by market share gains in prestige skincare, fragrances, and mass makeup, along with a full quarter of contribution from its acquisition of Space NK. The company recorded a comparable sales increase of 6.3%, significantly outperforming the expected 3.5% improvement, while gross margin expanded by 70 basis points year-over-year, reaching 40.4%, attributed to enhancements in merchandise margins and other revenue streams. Additionally, Ulta's stock has risen 38% year-to-date, surpassing broader market gains, indicating a robust performance amid a competitive landscape fueled by the company's strategic initiatives.
Bears say
Ulta Beauty's Q3 EPS remained flat year-over-year at $5.14, reflecting challenges in growth amidst a deteriorating macro environment and declining consumer confidence. Key risks to Ulta's financial outlook include intensified competition, reliance on a limited number of suppliers for half of its net sales, and the impending loss of royalty revenue from its partnership with Target in 2026. Additionally, factors such as unfavorable weather impacting store traffic and rising labor costs further exacerbate concerns over the company's future performance and sustainability.
This aggregate rating is based on analysts' research of Ulta Beauty and is not a guaranteed prediction by Public.com or investment advice.
Ulta Beauty (ULTA) Analyst Forecast & Price Prediction
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