Oppenheimer Offers Q1 Preview For Ulta: A Likely Stand Out In A Mixed Retail Backdrop - Ulta Beauty (NASDAQ:ULTA)

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.

Oppenheimer analyst Rupesh Parikh previewed Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA)'s first-quarter results in a research note Monday morning. The analyst maintains an Outperform rating and $235 price target on the stock ahead of the company's May 26 earnings report."Ulta likely again stands out in a mixed retail backdrop," Parikh said. "We would be buyers on any potential pullback should shares succumb to profit taking. ULTA remains a top pick," according to the Oppenheimer analyst. Shares of Ulta closed down 1.2 percent at $206.02 Monday afternoon.

Crypto Whales Are Loading Up — Are You?

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!