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Benzinga
Benzinga
Business
Akanksha Bakshi

Ulta Beauty Sales Momentum Builds As K-Beauty Expansion And Fewer Discounts Drive Growth

Ulta Ulta Beauty Christopher Horvers Ulta Beauty Inc
Ulta Beauty

Ulta Beauty Inc. (NASDAQ:ULTA) is gaining momentum ahead of its upcoming earnings report, with stronger sales trends, tighter promotions, and accelerating product innovation fueling expectations for robust growth and higher profitability in the quarters ahead.

JP Morgan analyst Christopher Horvers reaffirmed an Overweight rating on Ulta Beauty Inc., raised his price forecast from $525 to $600, and kept the stock on JPM’s Analyst Focus List, citing stronger comps, higher EPS, and valuation upside.

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