Ulta Beauty, Inc. (ULTA)

Ulta Beauty Stock Forecast

Stock Price Forecast

According to 22 professional analysts, the 12-month price target for Ulta Beauty stock ranges from a low of $330 to a high of $600. The average analyst price target of $476.95 forecasts a -10.47% decrease in the stock price over the next year.

Price Target: $476.95 (-10.47%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$330	$476.95	$490	$600
Change	-38.05%	-10.47%	-8.02%	+12.63%

Analyst Ratings

The average analyst rating for Ulta Beauty stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	5	6	6	6	5	5
Buy	7	7	7	7	7	7
Hold	11	11	10	10	11	11
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	24	25	24	24	24	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rupesh Parikh Oppenheimer	Oppenheimer	Buy Maintains $510 → $600	Buy	Maintains	$510 → $600	+12.63%	Aug 12, 2025
Susan Anderson Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $542 → $600	Strong Buy	Maintains	$542 → $600	+12.63%	Aug 1, 2025
Michael Baker DA Davidson	DA Davidson	Strong Buy Maintains $550 → $585	Strong Buy	Maintains	$550 → $585	+9.82%	Jul 31, 2025
Anthony Chukumba Loop Capital	Loop Capital	Strong Buy → Hold Downgrades $510	Strong Buy → Hold	Downgrades	$510	-4.26%	Jul 25, 2025
Dana Telsey Telsey Advisory Group	Telsey Advisory Group	Buy Maintains $520	Buy	Maintains	$520	-2.39%	Jul 11, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

11.94B

Increased by 5.70%

from 11.30B

Revenue Next Year

12.46B

Increased by 4.32%

from 11.94B

EPS This Year

24.08

Decreased by -4.97%

from 25.34

EPS Next Year

26.40

Increased by 9.64%

from 24.08

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Feb 1, 2026	Feb 1, 2027	Feb 1, 2028
Revenue	6.15B	8.63B	10.21B	11.21B	11.30B	11.94B	12.46B	13.09B
Revenue Growth	-16.84%	40.29%	18.28%	9.78%	0.79%	5.70%	4.32%	5.11%
EPS	3.11	17.98	24.01	26.03	25.34	24.08	26.40	29.33
EPS Growth	-74.40%	478.14%	33.54%	8.41%	-2.65%	-4.97%	9.64%	11.11%
Forward PE	-	-	-	-	-	22.12	20.18	18.16
No. Analysts	-	-	-	-	-	31	31	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030
High	12.9B	13.2B	13.9B
Avg	11.9B	12.5B	13.1B
Low	11.3B	11.6B	12.1B

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030
High	14.1%	10.3%	11.2%
Avg	5.7%	4.3%	5.1%
Low	0.4%	-3.0%	-2.5%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	27.61	29.14	32.67
Avg	24.08	26.40	29.33
Low	22.38	23.02	23.52

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	9.0%	21.0%	23.7%
Avg	-5.0%	9.6%	11.1%
Low	-11.7%	-4.4%	-10.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.