Ulta Beauty, Inc. : A trend reversal can be anticipated
Entry price | Target | Stop-loss | Potential |
---|
US$240.31 |
US$270 |
US$225 |
+12.35% |
---|
The technical chart pattern of Ulta Beauty shares shows signs of a reversal that argue in favor of a return to a positive outlook over the medium term.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The share is getting closer to its long-term support in weekly data, at USD 226.86, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● The company is in a robust financial situation considering its net cash and margin position.
● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● For the last few months, analysts have been revising downwards their earnings forecast.
● The underlying tendency is negative on the weekly chart below the resistance at 285.8 USD
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Surperformance is Buy on ULTA BEAUTY, INC. since 22/09/2022
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