Ulta Beauty (NASDAQ:ULTA) Price Target Raised to $799.00 at Canaccord Genuity Group

Ulta Beauty (NASDAQ:ULTA) had its target price increased by Canaccord Genuity Group from $674.00 to $799.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the specialty retailer’s stock.

Several other research firms have also recently commented on ULTA. TD Cowen increased their price target on Ulta Beauty from $725.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Raymond James Financial increased their price target on Ulta Beauty from $647.00 to $800.00 and gave the company a “strong-buy” rating in a research report on Friday, February 20th. Robert W. Baird set a $700.00 price objective on Ulta Beauty in a research report on Wednesday, December 17th. Piper Sandler reaffirmed an “overweight” rating and set a $775.00 price objective on shares of Ulta Beauty in a report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ulta Beauty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $638.12.

Ulta Beauty Price Performance

NASDAQ ULTA opened at $647.23 on Tuesday. The company has a market capitalization of $28.71 billion, a PE ratio of 24.82, a P/E/G ratio of 2.99 and a beta of 0.82. The company has a fifty day moving average of $665.94 and a 200 day moving average of $586.04. Ulta Beauty has a 1 year low of $309.01 and a 1 year high of $714.97.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ULTA. Swedbank AB boosted its position in shares of Ulta Beauty by 6.7% during the third quarter. Swedbank AB now owns 581,506 shares of the specialty retailer’s stock worth $317,938,000 after buying an additional 36,456 shares during the period. Keybank National Association OH raised its position in Ulta Beauty by 1.6% in the 3rd quarter. Keybank National Association OH now owns 133,889 shares of the specialty retailer’s stock valued at $73,204,000 after buying an additional 2,121 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in Ulta Beauty in the 3rd quarter valued at approximately $71,997,000. Bowen Hanes & Co. Inc. acquired a new position in Ulta Beauty during the 3rd quarter worth approximately $6,012,000. Finally, Assenagon Asset Management S.A. boosted its position in Ulta Beauty by 90.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,647 shares of the specialty retailer’s stock worth $20,037,000 after acquiring an additional 17,365 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Ulta Beauty News Summary

Here are the key news stories impacting Ulta Beauty this week:

• Positive Sentiment: Canaccord raised its price target sharply to $799 and kept a Buy rating, signaling sizable upside versus the current stock level. Article Title
• Positive Sentiment: Telsey and Barclays also lifted targets (Telsey to $715; Barclays to $712), reinforcing analyst conviction ahead of Ulta’s earnings. Article Title
• Positive Sentiment: Ulta is expanding exclusive brands (adding Hairstory and NassifMD to more doors/marketplace) and running its multi‑week “21 Days of Beauty” promotion — moves that can lift in‑store and online traffic and deepen loyalty. Ulta Beauty Expands Exclusive Brands This Week’s Best Deals at Ulta
• Neutral Sentiment: Earnings season is imminent; several outlets highlight Ulta on the calendar — upcoming results and guidance will be the near‑term catalyst and could drive volatility in either direction. Earnings Calendar Wall Street Insights
• Neutral Sentiment: Broader press coverage notes multiple firms lifting targets ahead of earnings, reflecting heightened analyst focus rather than new company fundamentals. Wall Street Lifts Targets
• Negative Sentiment: Wells Fargo raised its target to $500 but kept an Underweight rating, highlighting divergent analyst views and the potential for downside if results disappoint. Article Title
• Negative Sentiment: Technically the stock sits below its 50‑day moving average (short‑term resistance), which could cap near‑term upside if post‑earnings momentum fades — watch guidance and comp metrics closely.

About Ulta Beauty

Ulta Beauty, Inc (NASDAQ: ULTA) is a U.S.-based specialty retailer and beauty services provider focused on cosmetics, fragrance, skin care, hair care, bath and body, and beauty tools. The company operates a dual-format business that combines brick-and-mortar retail stores with an e-commerce platform, offering a broad assortment of national, prestige and mass-market brands alongside its own private-label products. In many locations Ulta also provides full-service salon treatments, positioning the company as a one-stop destination for product discovery and in-store services.

The retailer’s product mix spans color cosmetics, haircare and styling products, skin and body care, fragrance, and accessories, catering to a wide range of consumer preferences and price points.