1 Growth Stock Down 21% to Buy Right Now
Helped by its high-priced premium apparel products, Lululemon Athletica (NASDAQ: LULU) has found tremendous financial success. Both revenue and net income have consistently soared at double-digit rates, pushing its shares up 215% over the past five years, a gain that easily beats that of the Nasdaq Composite.
This year has been rewarding, too, with the shares up 18% so far in 2023. Yet, they are still about 21% below their all-time high reached in November 2021. Let's take a closer look at this popular apparel business.-- and why this is still a top growth stock to consider buying right now.
Lululemon's growth has been nothing less than outstanding. In the three-year period through January 2023, sales increased at a compound annual rate of 26.5%. And it's all the more impressive considering that this stretch included the coronavirus pandemic, supply chain bottlenecks, high inflation, rising interest rates, and ongoing economic uncertainty.
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 88 Buy predictions and 5 Sell predictions.
As a result the target price of 455 € shows a very positive potential of 65.48% compared to the current price of 274.95 € for Lululemon Athletica Inc..
