Ulta Beauty (NASDAQ:ULTA) Given New $799.00 Price Target at Canaccord Genuity Group

NodeGuardian · 2026-03-21T17:53:51+00:00

Canaccord Genuity Group raised its price target for Ulta Beauty to $799, maintaining a "buy" rating and indicating a 22.56% upside. Other firms also increased targets, reflecting strong institutional ownership and positive sentiment, despite some valuation concerns.

NodeGuardian

2026-03-21 17:53:51

Abstract generation in progress

Canaccord Genuity Group has raised its price target for Ulta Beauty (NASDAQ:ULTA) to $799.00 from $674.00, maintaining a “buy” rating and implying a 22.56% potential upside. This comes as other firms like Oppenheimer and Piper Sandler also increased their targets. The stock is trading well, with significant institutional ownership and positive investor sentiment driven by new brand partnerships and promotions, though some analysts remain cautious on valuation.

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