Is Ulta Beauty Stock Going to $485? 1 Wall Street Analyst Thinks So.
Ulta Beauty (NASDAQ: ULTA) has recently gotten much attention because of the large stake unexpectedly purchased by Warren Buffett's Berkshire Hathaway. With a higher profile, the cosmetics retailer is also winning attention from a clutch of analysts, with one of those pundits recently modifying his price target on the shares.
Baird's Mark Altschwager recently cut said price target to $485 per share from his preceding $525. That doesn't make him an Ulta bear, however, as he thinks the retailer still has plenty of potential upside even at the reduced level -- it's 28% higher than the most recent closing share price, so he has maintained his overweight (i.e., buy) recommendation.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€622,000
0.160%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 4.5% compared to the current price of 622000.0 € for Berkshire Hathaway Inc. A.
