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Ulta Beauty, Inc. (ULTA): A Bull Case Theory

We came across a bullish thesis on Ulta Beauty, Inc. (ULTA) by @wallstengine on X (Twitter). In this article, we will summarize the bulls’ thesis on ULTA. Ulta Beauty, Inc. (ULTA)'s share was trading at $407.04 as of 23rd May. ULTA’s trailing and forward P/E were 16.06 and 17.89 respectively according to Yahoo Finance.

[caption id="attachment_1236017" align="aligncenter" width="768"] A close-up of a customer's hands selecting beauty products from an online retailer.[/caption]

Ulta Beauty (ULTA) has been upgraded to Buy by Goldman Sachs with a price target raised to $423 from...