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Analysts Offer Insights on Consumer Cyclical Companies: thredUP (TDUP) and Ulta Beauty (ULTA)

Tipranks - Tue Apr 7, 4:50AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on thredUP (TDUP) and Ulta Beauty (ULTA) with bullish sentiments.

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thredUP (TDUP)

TD Cowen analyst Oliver Chen initiated coverage with a Buy rating on thredUP today and set a price target of $5.00. The company’s shares closed last Thursday at $3.36.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 3.2% and a 48.2% success rate. Chen covers the NA sector, focusing on stocks such as Canada Goose Holdings, Brilliant Earth Group, and Levi Strauss & Co. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for thredUP with a $8.70 average price target.

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Ulta Beauty (ULTA)

UBS analyst Michael Lasser maintained a Buy rating on Ulta Beauty on April 3 and set a price target of $810.00. The company’s shares closed last Thursday at $537.39.

According to TipRanks.com, Lasser is a 5-star analyst with an average return of 14.3% and a 64.6% success rate. Lasser covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and National Vision Holdings. ;'>

Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $712.53, a 34.8% upside from current levels. In a report issued on March 26, Evercore ISI also maintained a Buy rating on the stock with a $675.00 price target.

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