RedHotStocks

$ULTA Short term Target $275 In Ulta Beauty

Long
NASDAQ:ULTA   Ulta Beauty, Inc.
Speculation that Pershing square has taken a stake in the stock could result in quite a rally.
The stock is currently within a channel with a $275 price target.
Indicators are bullish and Bollinger bands look like a move higher is coming.

Average analysts price target $292 | Overweight
Short interest 6.2%
P/E Ratio 21 which is well valued.

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