Goldman Sachs keeps USD 673.00 target for Ulta Beauty stock

Published on 10/18/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales at Ulta Beauty reached USD 3.04 billion, up 8.90 percent year over year. The next results date for Ulta Beauty stock is December 3, 2026.

Analyst view and operating figures

Goldman Sachs maintained a USD 673.00 target on October 15, 2026.
Second-quarter revenue reached USD 3.04 billion, up 8.90 percent year over year.
Ulta Beauty had a USD 25.4 billion market capitalization as of October 16, 2026.
The next earnings conference call is scheduled for December 3, 2026.

Extreme Nahaufnahme von schimmerndem Lidschattenpuder und Lippenstifttextur — Makroaufnahme von Kosmetiktexturen illustriert Produktvielfalt der Branche von Ulta Beauty Inc., ISIN US90384S3031, Farbdetail, Illustration mit AI erstellt.

Ulta Beauty (ISIN US90384S3031) carries a USD 673.00 price target that Goldman Sachs analyst Kate McShane maintained on October 15, 2026, as reported by Markets Insider. The latest company figures show a retailer still expanding sales while preparing for its next quarterly update.

Three dated operating signals

On August 27, 2026, Ulta Beauty reported second-quarter net sales of USD 3.04 billion, up 8.90 percent year over year, with comparable sales growth of 3.80 percent and operating income of USD 379.60 million, according to Ulta Beauty. On October 14, 2026, the company said its charitable foundation had reached its tenth year of community activity. On October 15, 2026, Goldman Sachs maintained its USD 673.00 target, according to Markets Insider.

What does the target imply?

The broader analyst picture is less aggressive than the Goldman Sachs view. MarketBeat reported on October 17, 2026, that 32 analysts had a Moderate Buy consensus, including 24 Buy ratings and eight Holds, with an average 12-month target of USD 627.83. That gap makes the earnings path important: second-quarter diluted earnings per share reached USD 6.55, versus a USD 6.22 consensus estimate, while full-year fiscal 2026 guidance stood at USD 28.70 to USD 29.00.

Next reporting date

Ulta Beauty's next earnings conference call is scheduled for December 3, 2026, according to the company's investor-relations page. The event will give investors a fresh comparison with the second quarter ended August 1, 2026, when operating income rose 10.10 percent to USD 379.60 million.

Market value and company scale

Ulta Beauty had a market capitalization of USD 25.4 billion as of October 16, 2026. Its 52-week range was USD 443.60 to USD 714.97 on the same date, placing the market's valuation of the specialty retailer against a broad trading band. The company operates more than 1,500 locations and sells products from more than 600 beauty and wellness brands.

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