Analysts Are Bullish on Top Services Stocks: ViacomCBS (VIAC), Home Depot (HD)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on ViacomCBS (VIACResearch Report), Home Depot (HDResearch Report) and Ulta Beauty (ULTAResearch Report) with bullish sentiments.

ViacomCBS (VIAC)

Evercore ISI analyst Vijay Jayant maintained a Buy rating on ViacomCBS today and set a price target of $51.00. The company’s shares closed last Monday at $39.72.

According to TipRanks.com, Jayant is a 4-star analyst with an average return of 14.7% and a 67.6% success rate. Jayant covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Walt Disney, and Discovery.

ViacomCBS has an analyst consensus of Moderate Buy, with a price target consensus of $49.30, representing a 19.5% upside. In a report issued on December 5, Barrington also reiterated a Buy rating on the stock with a $47.00 price target.

See today’s analyst top recommended stocks >>

Home Depot (HD)

In a report released today, Greg Melich from Evercore ISI maintained a Buy rating on Home Depot. The company’s shares closed last Monday at $214.28.

According to TipRanks.com, Melich is a 4-star analyst with an average return of 10.4% and a 59.3% success rate. Melich covers the Services sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and Best Buy Co.

Home Depot has an analyst consensus of Moderate Buy, with a price target consensus of $239.22, representing an 11.7% upside. In a report issued on November 25, Morgan Stanley also maintained a Buy rating on the stock with a $235.00 price target.

Ulta Beauty (ULTA)

Evercore ISI analyst Omar Saad maintained a Buy rating on Ulta Beauty today and set a price target of $375.00. The company’s shares closed last Monday at $262.20.

According to TipRanks.com, Saad is a 4-star analyst with an average return of 6.9% and a 60.9% success rate. Saad covers the Services sector, focusing on stocks such as Burlington Stores, TJX Companies, and Ralph Lauren.

Ulta Beauty has an analyst consensus of Moderate Buy, with a price target consensus of $280.38, representing a 9.2% upside. In a report issued on November 26, Cowen & Co. also reiterated a Buy rating on the stock with a $300.00 price target.

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