Analysts Conflicted on These Consumer Cyclical Names: Ulta Beauty (ULTA) and Carvana Co (CVNA)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Ulta Beauty (ULTA) and Carvana Co (CVNA).
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
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
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.
See the top stocks recommended by analysts >>
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
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.
Read More on ULTA:
Disclaimer & DisclosureReport an Issue
- Ulta Beauty: Buy Rating Reaffirmed as Promotional Strength and Valuation Upside Offset Industry Risks Despite Price Target Trim to $648
- Ulta Beauty Appoints Kelly Garcia as Chief Technology Officer
- Ulta Beauty appoints Kelly Garcia as CTO
- Ulta Beauty management signals confidence in earnings algorithm, says BofA
- Bath & Body Works enters strategic partnership with Ulta Beauty
