Jim Cramer Discusses the Analyst Price Target Cut for Ulta Beauty

Then there’s Ulta Beauty. Now, we went to spot them not that agelong ago. You know, the stock’s down 15% this year, and today, an expert chopped their terms people up of the 4th adjacent Tuesday aft the close. Maybe the expert knows something. I don’t know. It was jarring.

A banal marketplace chart. Photo by Arturo A connected Pexels

Ulta Beauty, Inc. (NASDAQ:ULTA) provides cosmetics, skincare, haircare, and fragrance products. In addition, the institution offers in-store quality services, including hair, makeup, brow, and tegument treatments. During the March 23 episode, Cramer mentioned the banal and said:

On a time erstwhile quality conglomerate Estee Lauder confirmed it’s successful discussions to harvester with Spanish cosmetics company, Puig, an announcement that caused Estee Lauder’s banal to autumn 7.7%, we thought it mightiness beryllium a bully clip to cheque successful with Ulta Beauty. That’s agelong our favourite cosmetics retailer. About a week and a fractional ago, Ulta Beauty reported a mixed 4th with beardown same-store sales, but besides higher-than-expected costs that translated into a morganatic net miss. The adjacent day, the banal tumbled 14%, and it’s present down astir 28% from its February all-time highs, a perch it is seldom that acold from… We deliberation it is simply a precise bully price… Consider today’s travel to Ulta Beauty. Kecia Steelman, a 35-year seasoned of retail, told america a communicative of non-promotion, of a user that’s spending upfront wherever the much costly goods are and besides connected the sides and successful the backmost wherever you tin find bargains. I was amazed that precocious terms constituent merchandise up beforehand was moving well, bully gross margins.

While we admit the imaginable of ULTA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years 

Disclosure: None. Follow Insider Monkey connected Google News.