Ulta Beauty: Earnings Inflection Catalyzed, Initiate At Buy

We initiate coverage on (NASDAQ: ULTA ) with a Buy rating and $432.81 price target. Ulta Beauty is the largest dedicated beauty retail network in the U.S. providing cosmetics, skincare, salon services, and private-label products in over 1,300 stores and strong digital channels. OurMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to ident ...