Goldman Sachs Maintains Buy on Ulta Beauty, Raises Price Target to $667

Ulta Beauty Stock Is Down Today. Now Could Be a Good Time to Buy.

Ulta Beauty shares declined 4.18% following its Q2 earnings report, despite beating Wall Street expectations with 13.3% EPS growth to $6.55 and 8.9% net sales growth to $3 billion. The company raised full-year guidance for net sales growth (6.7%-7.2%) and operating income growth (8.3%-9.3%), and plans a $1 billion share buyback program. Analysts noted muted traffic growth and higher promotional activity as minor concerns, but the overall report was solid.

Ulta Beauty shares are trading lower after the company reported Q2 financial results. Multiple analyst firms lowered their respective price targets on the stock.

UBS Maintains Buy on Ulta Beauty, Lowers Price Target to $710

UBS analyst Michael Lasser maintains Ulta Beauty (NASDAQ:ULTA) with a Buy and lowers the price target from $735 to $710.

Ulta Beauty Q2 Earnings Beat as Sales Rise, FY26 View Raised

Ulta Beauty reported solid second-quarter fiscal 2026 results with earnings of $6.55 per share (up 13.3% YoY) and net sales of $3,035.7 million (up 8.9%), beating consensus estimates. The company raised its full-year fiscal 2026 guidance for net sales growth to 6.7-7.2% and earnings to $28.70-$29.00 per share, driven by omnichannel strength, loyalty program growth to 47 million members, and disciplined capital deployment including $791.10 million in stock repurchases.