Reported about 2 months ago
Analyst Anthony Chukumba from Loop Capital Markets argues that investor concerns about Ulta's performance are exaggerated, especially following Berkshire Hathaway's recent investment. He highlights Ulta's diverse product offerings, strong customer loyalty, and solid financial status, including a debt-free balance sheet and significant cash flow. Chukumba maintains a Buy rating on Ulta, with a price target of $520, suggesting the company's fundamentals support continued growth despite competitive pressures.
Source: YAHOO