Shares of Ulta Beauty soared double-digits on Friday after the company posted a strong fiscal first quarter and raised its fiscal-year outlook in the face of macroeconomic uncertainty. A raft of positive commentary was also driving the stock higher as analysts posited that Ulta was becoming a beauty of a competitor in the industry.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

A total of 24 analyst ratings have been received for Ulta Beauty, with the consensus rating being Neutral. The average one-year price target stands at $412.17, suggesting a potential 2.17% downside.