Bank of America Upgrades Ulta Beauty (ULTA) Stock

1 hour ago 4

Bob Karr

Sun, May 10, 2026 astatine 10:54 AM CDT 1 min read

Ulta Beauty, Inc. (NASDAQ:ULTA) is 1 of the Unstoppable Stocks to Buy successful 2026. On May 5, Bank of America upgraded the company’s banal to “Buy” from “Neutral,” with the terms people of $685. It noted that the caller diminution successful the stock terms resulted successful an charismatic introduction point. The steadfast believes that the high-quality compounder continues to commercialized astatine a discount to its peers. Notably, Ulta Beauty, Inc. (NASDAQ:ULTA)’s banal terms declined by much than ~13% connected a YTD basis.

Bank of America Upgrades Ulta Beauty (ULTA) Stock

The firm’s analyst, Lorraine Hutchinson, highlighted that the company’s concern rhythm has been processing semipermanent competitory advantages. Notably, the steadfast believes that betterment successful outgo subject is expected to thrust operating income maturation and healthier FCF.

Ulta Beauty, Inc. (NASDAQ:ULTA) provided FY 2026 guidance, wherever it expects nett income maturation of 6.0% – 7.0% and diluted EPS maturation of 9.4% – 11.4%. The institution returned $890.5 cardinal of superior to shareholders via planned stock repurchases.

Ulta Beauty, Inc. (NASDAQ:ULTA) operates arsenic a specialty quality retailer.

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