Analysts have been eager to weigh in on the Services sector with new ratings on Ulta Beauty Inc (ULTA), Shake Shack (SHAK) and CarGurus Inc (CARG).
Ulta Beauty Inc (ULTA)
Cowen & Co. analyst Oliver Chen maintained a Buy rating on Ulta Beauty Inc on June 13 and set a price target of $370. The company’s shares closed yesterday at $350.19, close to its 52-week high of $359.69.
According to TipRanks.com, Chen is a 4-star analyst with an average return of 6.3% and a 51.5% success rate. Chen covers the Services sector, focusing on stocks such as Capri Holdings Limited, Planet Fitness, and Nordstrom Inc.
Ulta Beauty Inc has an analyst consensus of Strong Buy, with a price target consensus of $368.57, representing a 5.2% upside. In a report issued on May 31, Robert W. Baird also reiterated a Buy rating on the stock with a $395 price target.
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Shake Shack (SHAK)
Cowen & Co. analyst Andrew Charles maintained a Hold rating on Shake Shack on June 13 and set a price target of $66. The company’s shares closed yesterday at $67.51, close to its 52-week high of $70.12.
According to TipRanks.com, Charles is a 5-star analyst with an average return of 17.1% and a 75.2% success rate. Charles covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and McDonald’s Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $63 average price target.
CarGurus Inc (CARG)
In a report issued on June 13, Thomas Champion from Cowen & Co. maintained a Hold rating on CarGurus Inc, with a price target of $42. The company’s shares closed yesterday at $35.87.
According to TipRanks.com, Champion is ranked #2625 out of 5201 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarGurus Inc with a $50.67 average price target.
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