Ulta Beauty (NASDAQ:ULTA) Stock Update: Morgan Stanley Maintains "Overweight" Rating
Ulta Beauty(US:ULTA) Financial Modeling Prep·2025-12-08 06:00Morgan Stanley has updated its rating for Ulta Beauty (NASDAQ:ULTA) to "Overweight" with a raised price target from $600 to $640.Ulta's fiscal third-quarter net sales rose by 12.9% to $2.9 billion, surpassing estimates and driving a stock increase of 12.65% this holiday season.The company has raised its fiscal 2025 outlook, projecting net sales of approximately $12.3 billion, with a current market capitalization of approximately $26.97 billion.Ulta Beauty (NASDAQ:ULTA) is a leading beauty retailer in the Un ...