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As Covid-19 pandemic worries ease, analysts predict a banner year for the makeup and skin care retailer.
January 1, 2022
By: TOM BRANNA
Editor
Makeup mavens are fed-up with the pandemic—that's good news for Ulta Beauty. Driven by pent-up consumer demand for cosmetics, financial analysts expect the beauty retailer to benefit most. Analysts increased the price target to $500 a share from $445, and reiterated a Buy rating. Shares rose more than 40% in 2021. “As we get closer to the end of the pandemic, we expect people to attend more social activities, which should help turn around the makeup category,” DA Davidson lead analyst...
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