Why Ulta Beauty Inc. (NASDAQ:ULTA) Stock Slipped -1.52% in Last Month?

Raymond James raised the price target for the Ulta Beauty Inc. (NASDAQ:ULTA) stock from ‘an Outperform’ to ‘a Strong buy’. The rating was released on June 29, 2023, according to finviz. We previously noted in another research note published on May 27, 2023 by Jefferies that upgraded the stock from a Hold to a Buy with a price target of $475 for ULTA stock. The research report from UBS has reiterated the stock to Buy, with a price target set at $475. The stock was reiterated by Stifel, who disclosed in a research note on December 03, 2021, to Hold and set the price objective to $435.