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Analysts Offer Insights on Consumer Cyclical Companies: Ulta Beauty (ULTA), Airbnb (ABNB) and Alibaba (BABA)

Tipranks - Fri Apr 17, 7:19AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Ulta Beauty (ULTA), Airbnb (ABNB) and Alibaba (BABA) with bullish sentiments.

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Ulta Beauty (ULTA)

Goldman Sachs analyst Kate McShane reiterated a Buy rating on Ulta Beauty yesterday and set a price target of $689.00. The company’s shares closed last Wednesday at $539.14.

According to TipRanks.com, McShane is a 4-star analyst with an average return of 5.7% and a 58.6% success rate. McShane covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and Floor & Decor Holdings. ;'>

Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $711.53, a 33.4% upside from current levels. In a report issued on April 14, D.A. Davidson also maintained a Buy rating on the stock.

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Airbnb (ABNB)

Bernstein analyst Richard Clarke maintained a Buy rating on Airbnb today and set a price target of $168.00. The company’s shares closed last Wednesday at $137.51.

According to TipRanks.com, Clarke is a 3-star analyst with an average return of 3.6% and a 55.5% success rate. Clarke covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Booking Holdings. ;'>

Currently, the analyst consensus on Airbnb is a Moderate Buy with an average price target of $147.91, implying a 10.0% upside from current levels. In a report issued on April 8, Tigress Financial also reiterated a Buy rating on the stock with a $185.00 price target.

Alibaba (BABA)

Bernstein analyst Robin Zhu maintained a Buy rating on Alibaba today and set a price target of $180.00. The company’s shares closed last Wednesday at $133.28.

According to TipRanks.com, Zhu is ranked #3901 out of 12196 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba with a $182.29 average price target, representing a 37.4% upside. In a report issued on April 8, Morgan Stanley also reiterated a Buy rating on the stock with a $180.00 price target.

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