Could On Holding Become the Next Lululemon?
Lululemon Athletica (NASDAQ: LULU) has generated massive gains for its investors since its initial public offering (IPO) in 2007. Shares of the Canadian athleisure apparel maker have soared from their split-adjusted IPO price of $9 to nearly $510 today -- which would have turned a $1,000 investment into nearly $57,000 over the past 16 years.
Those multi-bagger gains drove many investors to seek out the "next Lululemon" in the athletic apparel market. One of those winners might be On Holding (NYSE: ONON), the Swiss footwear and apparel maker that went public just two years ago.
Source Fool.com
Lululemon Athletica Inc. Stock
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 91 Buy predictions and 6 Sell predictions.
With a target price of 444 € there is a hugely positive potential of 84.39% for Lululemon Athletica Inc. compared to the current price of 240.8 €.