ULTA - 'Things Are Getting Tougher' For Ulta Beauty: 3 Analysts Deep Dive Solid Q3 Beat | Benzinga
Shares of Ulta Beauty Inc (NASDAQ: ULTA) jumped in premarket trading on Friday, after the company reported upbeat third-quarter earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release.
- Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating, while raising the price target from $540 to $572.
- BMO Capital Markets analyst Simeon Siegel reiterated a Market Perform rating and price target of $485.
- Telsey Advisory Group analyst Dana Telsey reaffirmed an Outperform rating and price target of $600.
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Piper Sandler: Ulta "is navigating well through a challenging consumer environment," Wolfmeyer noted, citing how the bottom line "beat the Street by 11 cents."
"Things are getting tougher heading into FQ4, and management is ...