Ulta Beauty's Q1 Comp Momentum Turns This Analyst Bullish, Plus 'Tariff Risk Is Low'

While the prestige and mass beauty industry segments in 2024 have rebounded, growth 7% and 3%, respectively, Ulta Beauty Inc ULTA is gaining back market share, according to Goldman Sachs. The Ulta Beauty Analyst: Analyst Kate McShane upgraded the rating from Neutral to Buy, while raising the price target from $384 to $423. The Ulta Beauty Thesis: The company's quarter-to-date trends appear to be in-line with the current comp guidance, "with some acceleration in sales observed recently," McShane said in the ...