Canaccord previewed the Ulta Beauty Q3 report and expects continued healthy performance but expects moderating growth. The firm said promos during the Black Friday weekend and this Cyber Monday were flat suggesting healthy consumer demand at Ulta. They believe Ulta is positioned well into the 3Q report and that beauty demand should remain healthy throughout the rest of the year. Canaccord reiterated its Buy rating and $606 price target on Ulta Beauty shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ULTA:
- ULTA Upcoming Earnings Report: What to Expect?
- Ulta Beauty Stock (NASDAQ:ULTA): Tailor-Made for Today’s Market
- Options Volatility and Implied Earnings Moves This Week, November 27 – December 01, 2023
- Citi cuts Ulta Beauty target, opens ‘negative catalyst watch’
- Ulta Beauty (NASDAQ:ULTA): Analysts Bullish on the Stock Ahead of Q3 Results