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Goldman Sachs upgraded ULTA Beauty's stock rating from Neutral to Buy, raising the price target to $423 from $384, citing strong sales momentum and a growing user base. Despite a recent earnings beat, concerns over competition from Sephora and Amazon have led other analysts to lower their price targets, reflecting a cautious outlook amid market challenges.
Retailers are increasingly adopting AI technologies, with 62% already leveraging AI and 32% planning to implement it soon, particularly for enhancing customer experiences and operational efficiency. A recent survey indicates that 91% of businesses have improved demand forecasting accuracy, crucial for managing inventory during peak shopping seasons. However, challenges remain in integrating advanced AI with outdated commerce software, hindering some brands from realizing the full potential of their investments.
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Goldman Sachs upgrades ULTA Beauty to buy with increased price target
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Amazon.com, Inc.
Ulta Beauty, Inc.
Sephora
The Goldman Sachs Group, Inc.
USA
Kate McShane
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09:35 01.04.2025
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