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Analysts Conflicted on These Consumer Cyclical Names: Ulta Beauty (ULTA) and Carvana Co (CVNA)

Tipranks - Thu Jul 30, 5:26AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Ulta Beauty (ULTA) and Carvana Co (CVNA).

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Ulta Beauty (ULTA)

In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on Ulta Beauty, with a price target of $685.00. The company’s shares closed last Tuesday at $501.52, close to its 52-week high of $529.67.

According to TipRanks.com, Hutchinson is a 4-star analyst with an average return of 2.4% and a 52.4% success rate. Hutchinson covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Dick’s Sporting Goods, and Lululemon Athletica. ;'>

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $623.00, representing a 27.6% upside. In a report issued on July 16, TipRanks – OpenAI also upgraded the stock to Buy with a $516.00 price target.

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Carvana Co (CVNA)

In a report released yesterday, Mike McGovern from Bank of America Securities maintained a Hold rating on Carvana Co, with a price target of $75.00. The company’s shares closed last Tuesday at $66.07.

According to TipRanks.com, McGovern is a 2-star analyst with an average return of 0.3% and a 44.2% success rate. McGovern covers the NA sector, focusing on stocks such as ACV Auctions, Wayfair, and Chewy. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carvana Co with a $92.06 average price target, representing a 43.8% upside. In a report issued on July 14, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $70.00 price target.

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