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Analysts Offer Insights on Consumer Cyclical Companies: Ulta Beauty (ULTA), Ferrari (RACE) and Tesla (TSLA)

Tipranks - Tipranks - Thu Jun 4, 3:24AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Ulta Beauty (ULTA), Ferrari (RACE) and Tesla (TSLA).

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Ulta Beauty (ULTA)

In a report released today, Adrienne Yih from Barclays assigned a Buy rating to Ulta Beauty, with a price target of $647.00. The company’s shares closed last Tuesday at $494.87, close to its 52-week high of $529.67.

According to TipRanks.com, Yih is a 3-star analyst with an average return of 2.7% and a 46.4% success rate. Yih covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, National Vision Holdings, and Dick’s Sporting Goods. ;'>

Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $695.00, implying a 39.0% upside from current levels. In a report issued on June 1, Piper Sandler also reiterated a Buy rating on the stock with a $725.00 price target.

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Ferrari (RACE)

Berenberg Bank analyst Michael Filatov maintained a Buy rating on Ferrari today and set a price target of EUR381.00. The company’s shares closed last Tuesday at $353.81.

According to TipRanks.com, Filatov is ranked #11987 out of 12287 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ferrari with a $451.96 average price target, implying a 27.0% upside from current levels. In a report issued on May 27, Jefferies also maintained a Buy rating on the stock with a EUR350.00 price target.

Tesla (TSLA)

In a report released yesterday, Rajat Gupta CFA from J.P. Morgan maintained a Sell rating on Tesla, with a price target of $145.00. The company’s shares closed last Tuesday at $423.74.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 9.7% and a 52.9% success rate. CFA covers the NA sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Sonic Automotive. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $401.18 average price target.

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