Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Ulta Beauty Inc (NASDAQ:ULTA) reported better-than-expected financial results and issued strong guidance
Ulta reported quarterly revenue of $3.23 billion, up from consensus estimates of $3.02 billion. The company reported earnings of $6.68 per share, beating estimates of $5.65 per share.
Ulta said it sees full-year 2023 revenue to be between $10.95 billion and $11.05 billion versus estimates of $10 billion. The company expects earnings of $24.70 per share to $25.40 per share for the full year versus estimates of $22.93 per share.
Ulta Beauty shares gained 1.9% to close at $53.14 on Wednesday and lost 0.7% in today’s pre-market trading session.
These analysts made changes to their price targets on Ulta Beauty following the release of results.
- Telsey Advisory Group raised the price target on Ulta Beauty from $575 to $600. Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating.
- Barclays increased the price target on Ulta Beauty from $548 to $636. Barclays analyst Adrienne Yih maintained an Overweight rating.
- BMO Capital lifted the price target on Ulta Beauty from $390 to $510. BMO Capital analyst Simeon Siegel maintained a Market Perform rating.
Now Read This: Fear & Greed Index Moves To 'Fear' Zone; US Stocks Settle Sharply Lower
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!