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Benzinga

Business

Shivani Kumaresan

Barclays Bumps Up Price Target On This Beauty Company By 6%

Barclays Ulta Beauty Ulta Beauty Inc

Barclays analyst Adrienne Yih raised the price target on Ulta Beauty Inc (NASDAQ:ULTA) to $469 from $440 and kept an Overweight rating on the shares, implying a 27% upside.
Ulta Beauty displayed the strength of the beauty category despite a shaky consumer backdrop.
Related: Ulta Beauty Stock Gains As Q4 Results Surpass Expectations, Guides FY22 Above Consensus, Approves $2B Buyback
Price Action: ULTA shares are trading lower by 0.3% at $367.39 on the last check Monday.

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