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“Ulta Beauty Soars as Massive Q3 Beat Triggers Wave of Analyst Upgrades” 🚨🚨🚨

Ulta Beauty exploded higher on Friday, with shares surging more than 14% after the retailer crushed Wall Street’s Q3 expectations and raised its full-year outlook for the second straight quarter. The blowout earnings sparked a flood of price-target hikes from nearly every major analyst covering the stock.

A Big Q3 Win

Ulta delivered earnings of $5.14 per share, far above analyst estimates of $4.64.

Revenue also impressed, coming in at $2.86 billion versus the $2.72 billion expected.

The beauty retailer continues to benefit from strong demand for cosmetics, fragrances, and skincare, even as consumer spending slows in other sectors. Beauty remains one of the most resilient categories in retail, and Ulta is winning big with loyalty programs, exclusive brands, and experiential in-store traffic.

Full-Year Outlook Raised — Again

Ulta now expects:

• Full-year net sales: ~$12.3 billion (up from $12.0B–$12.1B)

• Full-year earnings: $25.20–$25.50 per share (up from $23.85–$24.30)

This is Ulta’s second consecutive quarter raising both sales and profit guidance — a major signal of confidence from leadership.

Wall Street Analysts Pile On

Analysts responded immediately, lifting price targets across the board:

• Goldman Sachs: Buy — PT raised to $642 (from $584)

• DA Davidson: Buy — PT $650 (from $625)

• JPMorgan: Outperform — PT $647 (from $606)

• Baird: Outperform — PT $670 (from $600)

• Telsey Advisory: Outperform — PT $640 (from $610)

• Piper Sandler: Outperform — PT $615 (from $590)

• Canaccord Genuity: Neutral — PT $674 (from $654)← highest target

With this level of bullish momentum, Wall Street is signaling that Ulta remains one of the strongest performers in retail — and one of the few names thriving despite consumer slowdown in other categories.