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Where Does Wall Street Think Ulta Beauty Inc (ULTA) Stock Will Go?

Friday, May 27, 2022 09:55 AM | InvestorsObserver Analysts

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Where Does Wall Street Think Ulta Beauty Inc (ULTA) Stock Will Go?

InvestorsObserver is giving Ulta Beauty Inc (ULTA) an Analyst Rating Rank of 45, meaning ULTA is ranked higher by analysts than 45% of stocks. The average price target for ULTA is $448.4 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.3
Wall Street analysts are rating ULTA a Strong Buy today. Find out what this means to you and get the rest of the rankings on ULTA!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Ulta Beauty Inc Stock Today?

Ulta Beauty Inc (ULTA) stock is trading at $421.13 as of 9:55 AM on Friday, May 27, a rise of $43.17, or 11.42% from the previous closing price of $377.96. The stock has traded between $409.09 and $422.76 so far today. Volume today is low. So far 345,763 shares have traded compared to average volume of 812,596 shares. Click Here to get the full Stock Report for Ulta Beauty Inc stock.

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