Bullish Case: ULTA shows a robust resilience and ongoing strategic initiatives aimed at customer engagement and market expansion, supported by partnerships and data-driven analytics which continue to foster growth despite recent headwinds.


Bearish Case: Recent downturn warnings from management and a significant drop in stock prices reflect underlying issues such as elevated supply chain costs, increased competition, and a slowdown in consumer demand across all segments.


Potential Outcomes:

1) 60% chance ULTA rebounds due to strategic initiatives.

2) 25% likelihood of continued decline due to market saturation.

3) 15% Uncertainty remains with potential for stabilization or slight growth amid variable consumer spending trends.


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 18, 2024


Ulta Beauty Forecast

ULTA        Ulta Beauty
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ULTA



TGT Forecast + Options Trading Strategies   [TGT]  Target (0.87)


SYY Forecast + Options Trading Strategies   [SYY]  Sysco (0.84)


ABT Forecast + Options Trading Strategies   [ABT]  Abbott Laboratories (0.84)


UTZ Forecast + Options Trading Strategies   [UTZ]  Utz Brands (0.84)


MUB Forecast + Options Trading Strategies   [MUB]  BlackRock Institutional Trust Company N.A. - iShares National Muni Bond (0.83)



Uncorrelated Stock Forecasts

Assets with little price relationship to ULTA



ROK Forecast + Options Trading Strategies   [ROK]  Rockwell Automation (-0.0)


ADP Forecast + Options Trading Strategies   [ADP]  Automatic Data Processing (0.0)


OPCH Forecast + Options Trading Strategies   [OPCH]  Option Care Health Inc. - Registered Shares (-0.0)


FANG Forecast + Options Trading Strategies   [FANG]  Diamondback Energy (0.0)


SBUX Forecast + Options Trading Strategies   [SBUX]  Starbucks (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ULTA



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.68)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.71)


EQNR Forecast + Options Trading Strategies   [EQNR]  Equinor ASA - (-0.75)


EQT Forecast + Options Trading Strategies   [EQT]  EQT (-0.76)


UUP Forecast + Options Trading Strategies   [UUP]  Invesco DB US Dollar Index Bullish (-0.76)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!