And on that note, Latin America's MercadoLibre (NASDAQ: MELI) and cosmetics chain Ulta Beauty (NASDAQ: ULTA) are two stocks with greater than 20% upside ahead, according to select Wall Street analysts. And it could have far more than 20% upside ahead as it takes advantage of its leadership position in its markets. Ulta BeautyAccording to TipRanks, of the 13 analysts who recommend buying Ulta Beauty stock, seven recommend holding, and one recommends selling. Putting it all together, Ulta Beauty stock is down because investors are worried about its ability to compete. And because fears are overblown, Ulta Beauty stock now trades at a price-to-earnings (P/E) valuation of about 15 -- nearly its lowest in a decade.

Source: Fox News June 25, 2024 10:49 UTC