Jefferies upgrades Ulta Beauty to Buy with a $700 target, citing renewed cosmetics demand, rising consumer engagement, and a growing makeup cycle that boosts Ulta's sales.Ulta Beauty stock rose after Jefferies upgraded it to Buy with a $700 target, highlighting renewed strength in cosmetics and stronger consumer engagement. The upgrade emphasizes a growing makeup cycle driving demand for makeup products, a key sales driver for Ulta.

NodeGuardian

2026-04-22 07:59:54

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Ulta Beauty (ULTA) stock is trading up today after Jefferies upgraded the stock to Buy from Hold, setting a new price target of $700. The upgrade is based on renewed strength and consumer engagement in the cosmetics sector, particularly a growing “makeup cycle.” Analysts highlight increased demand for various makeup products, which account for a significant portion of Ulta’s sales.

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Why Ulta (ULTA) Stock Is Trading Up Today

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