Ulta Beauty stock trades below analyst targets after Q2 strength

Published on 09/21/2026 at 18:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ulta Beauty stock closed at USD 540.98 on September 20, 2026, about 16 percent below a mean analyst target near USD 628. The shares carry a Moderate Buy consensus and are seen as roughly 14 percent undervalued versus intrinsic value estimates.

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Ulta Beauty stock (ISIN US90384S3031) most recently closed at USD 540.98 on September 20, 2026 on the Nasdaq, leaving the beauty retailer trading notably below a mean analyst price target around USD 628 per share and highlighting a valuation gap for investors.

Analysts see upside after recent Q2 performance

According to MarketBeat on September 21, 2026, Ulta Beauty carries a Moderate Buy consensus from 32 analysts with a consensus target price of USD 627.83, leaving the stock roughly USD 87 below that level at the latest close, a discount of about 16 percent.

As MarketBeat also reports, Sanford C. Bernstein upgraded Ulta Beauty to an outperform rating in a report dated September 15, 2026, reinforcing the positive view among coverage despite the share price lagging behind targets.

In parallel, Simply Wall St on September 21, 2026 highlighted that Ulta Beauty shares around USD 540.98 trade about 13.8 percent below an intrinsic value estimate of USD 627.25 per share, suggesting the stock could be roughly 14 percent undervalued based on its assessment.

Stock trades near USD 541 with room versus targets

Per data cited by CNBC, Ulta Beauty closed at USD 540.98 on September 20, 2026, down 0.51 percent on the day, before moving to around USD 544.70 in after-hours trading with a modest gain of 0.69 percent.

The same pricing snapshot shows that on that session Ulta Beauty traded in a range roughly between USD 536.68 and USD 547.58, placing the closing level slightly above the intraday low but below the intraday high and underscoring a relatively contained trading band around the USD 540 mark.

According to Robinhood, Ulta Beauty trades at a price-to-earnings ratio of about 19.71 with a market capitalization near USD 23.13 billion as of September 20, 2026, providing investors with a reference valuation multiple against its recent earnings.

Valuation gap framed by intrinsic value and consensus

As Simply Wall St notes, its most followed valuation view assigns Ulta Beauty an intrinsic value of about USD 627.25 per share, which stands above the latest close at USD 540.98 and implies that the shares are approximately 13.8 percent undervalued on that model.

The same analysis highlights that the stock trades in line with or slightly below the mean analyst target, which Simply Wall St cites at around USD 630.64 per share, reinforcing the picture of a price level roughly USD 90 below both analyst and intrinsic value benchmarks.

From an investor perspective, the gap between the current price near USD 541 and targets in the USD 628 to USD 631 range means the stock would need to gain roughly 16 percent to close the distance to the consensus, while realizing the full 13.8 percent undervaluation implied by the intrinsic value estimate would similarly require a double-digit percentage move.

Stock price and trading data

Ulta Beauty stock closed at USD 540.98 on the Nasdaq on September 20, 2026, representing a daily decline of 0.51 percent from the prior close on that primary listing, with after-hours trading indicated around USD 544.70 later that same date.