ULTA | 12 May 2024 | AI Stock Analysis & News

Investors saw a weak economic data as a sign that all hope isn’t lost for rate cuts this year, leading to a second consecutive day of green indices. Strong corporate earnings are also lifting the market.

Stock AI’s forecasts for Ulta Beauty, Inc.:
🟢 +10.7% short-term
🟢 +2.8% long-term

Stock AI’s (ULTA) Forecast get (+28.0% Profit)

StockAI’s analysis delivers real-world results. On 13 March 2024, $ULTA ($567.7), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $408.6 (🔴-28.0%). Selling ULTA on this signal yielded a +28.0% profit 💰💰.

ULTA-Ulta Beauty, Inc. News

🔴 TD Cowen lowered price target on ULTA stock from $580.00 to $520.00, causing a gap down in share price.

🔴 Barclays downgraded ULTA stock from overweight to equal weight, with a $434.00 price target.

🟢 Signaturefd LLC increased holdings in ULTA stock by 22.3% during the fourth quarter.

🔴 Federated Hermes Inc. decreased its stake in ULTA stock by 6.7% during the fourth quarter.

🔴 Amalgamated Bank trimmed its position in ULTA stock by 9.4% during the fourth quarter.

🔴 Jefferies Financial Group reiterated their hold rating on ULTA stock with a $438.00 target price.

Ulta Beauty, Inc. (ULTA) has seen a mix of positive and negative news recently, with price target decreases and downgrades offset by increased holdings by certain institutions. The stock experienced a gap down in price after TD Cowen lowered its price target, while Barclays downgraded the stock. Despite these setbacks, some institutions like Signaturefd LLC have increased their holdings, indicating confidence in the company’s long-term performance. The overall impact on the stock price is a slight decrease in the short-term forecast, but a modest increase in the long-term forecast. Investors should monitor further developments closely to assess the stock’s future performance.

ULTA-Ulta Beauty, Inc. Analyst Ratings

In recent news, analysts have provided various ratings for Ulta Beauty, Inc. stock. Here are some of the recent analyst ratings:

📉 Barclays lowered Ulta Beauty from an overweight rating to an equal weight rating.
📉 Wells Fargo & Company decreased the price target on Ulta Beauty stock from $450.00 to $350.00.
📉 TD Cowen lowered their price target on Ulta Beauty from $580.00 to $520.00.

1. Barclays Downgrades Ulta Beauty Stock
2. Wells Fargo & Company Lowers Ulta Beauty Price Target
3. TD Cowen Cuts Ulta Beauty Price Target


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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