Ulta Beauty Soars Following Q1 Beat: Analysts Raise Price Targets

Ulta Beauty’s strong first-quarter earnings performance has propelled the stock price up over 14%, with analysts raising price targets and praising the company’s resilient performance in a challenging market. The retailer exceeded analyst expectations for both revenue and profit, driven by factors like successful promotions, strength in the fragrance category, and market share gains. The report highlights Ulta Beauty’s strategic initiatives and ability to navigate competitive pressures from retailers like Amazon.