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Dec 5, 2025 12:00 PM

Ulta Beauty Posts Q3 Beat, But Holiday Season Outlook Remains 'Cautiously Optimistic'

Shares of Ulta Beauty Inc (NASDAQ:ULTA) climbed in early trading on Friday, after the company reported upbeat third-quarter results.

Here are some key analyst takeaways:

JPMorgan analyst Christopher Horvers reiterated an Overweight rating, while raising the price target from $606 to $647.

Guggenheim Securities analyst Steven Forbes reaffirmed a Neutral rating on the stock.

Check out other analyst stock ratings.

JPMorgan: Ulta Beauty's third-quarter sales were driven by market share gains across categories, price points and channels. The company raised its sales, comps and earnings guidance for the full year to $12.3 billion, 4.4%-4.7%, and $25.20-25.50 per share, respectively. The prior outlook: $12.0-$12.1 ...