50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

ULTA Beauty stock: DA Davidson increases target as 3Q beat offsets conservative Q4 guidance

EditorAhmed Abdulazez Abdulkadir
Published 2024-12-06, 09:18 a/m
ULTA
-

ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.

The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward. InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future.

Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential. InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential.

ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.

The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward.

InvestingPro reveals management has been actively buying back shares, demonstrating confidence in the company's future. Subscribers can access 6 additional ProTips and a comprehensive Pro Research Report for deeper insights into ULTA's investment potential.

ULTA Beauty's market share in the prestige category remained stable this quarter, marking an improvement from previous periods. Following the earnings announcement, ULTA's shares experienced a positive response in post-market trading. Despite this uptick, DA Davidson pointed out that the stock continues to trade at a discount both absolutely and relatively.

The revised price target of $510 is based on a 20-times multiple of DA Davidson's projected earnings per share for ULTA Beauty in 2026. The firm reiterated its Buy rating, signaling confidence in the company's performance and market position moving forward.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.