Ulta Beauty Inc. Stock Rating Upgrade by Goldman Sachs
Ulta Beauty Inc. has received a stock rating upgrade from Goldman Sachs, citing attractive valuation and favorable sales momentum. The analyst’s decision was influenced by the company’s recent Q4 earnings, which impressed investors.
Key Details
- Goldman Sachs upgraded Ulta Beauty Inc.’s stock rating
- Attractive valuation and favorable sales momentum cited as reasons for the upgrade
- Recent Q4 earnings impressed investors, leading to the rating change
- Price target boosted by the analyst
Other Analyst Views
- BMO maintains a market perform rating for Ulta Beauty Inc. with a target price of $404
- Warren Buffett’s Berkshire Hathaway has exited its position in Ulta Beauty Inc.
Stock Performance
- Ulta Beauty Inc. stock price has declined 14% year-to-date
- However, the stock has gained 2% in recent trading
- The company’s stock price has shown some volatility in recent periods