
Ulta Beauty (ULTA) Stock Forecast & Price Target
Ulta Beauty (ULTA) Analyst Ratings
Bulls say
Ulta Beauty is expected to see an increase in sales and EPS over the next few years, with comps projected to rise 3.5% in 2026 and margins to expand 20 bps. The company's strong performance in the past, with a 5.4% comp increase in 2025 and share gains in both prestige (3% market share) and mass (16% market share), indicate the success of their differentiated model focusing on multiple beauty categories. Ulta has also shown success in its salons, with services and exclusives like the marketplace and events driving customer traffic and share. With a strong focus on product assortment, pricing, and availability, Ulta is expected to continue performing well in a competitive beauty market, and we have a BUY rating on the stock with a $650 price target based on a 21x multiple of our 2027 EPS forecast.
Bears say
Ulta Beauty is facing stiff competition, particularly from Amazon, which has shown strong growth in the beauty category. Additionally, the company's lack of leverage on strong comps and high SG&A growth have been ongoing concerns. The recent tariff implementations and potential decreases in employment could also pose a risk to the company's sales and margins. However, Ulta has a strong presence in the beauty industry and continues to innovate, particularly with the launch of a TikTok shop. The stock is currently trading at a discounted price, but investors should closely monitor the company's ability to generate leverage and control expenses.
This aggregate rating is based on analysts' research of Ulta Beauty and is not a guaranteed prediction by Public.com or investment advice.
Ulta Beauty (ULTA) Analyst Forecast & Price Prediction
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