Ulta Beauty (ULTA) stock is taking a dip as Jefferies analysts downgrade the cosmetics brand's stock to Hold from a Buy rating and cut its price target to $438 per share from $585. Market Domination Anchors Madison Mills and Julie Hyman review the analyst commentary around Ulta. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Ulta stock has struggled to recover after the beauty retailer's CEO hinted that some of the post-pandemic cosmetics hype may be wearing out.
The latest trading day saw Ulta Beauty (ULTA) settling at $425.11, representing a +0.13% change from its previous close.