Down 44%, Should You Buy the Dip in This Growth Stock?
Oh, how the mighty have fallen. Since hitting a record of $511.29 at the end of 2023, share prices of Lululemon Athletica (NASDAQ: LULU) have cratered 44%. This is despite the S 500 generating an impressive 18% total return during the same period.
To be clear, this apparel stock has still been a massive market outperformer in the past decade (up 650%). However, investors have become pessimistic about the state of the business.
What's the best course of action? Should you buy the dip in this growth stock? Let's assess both the bear and bull arguments for Lululemon and see if an answer presents itself.
Source Fool.com
Lululemon Athletica Inc. Stock
€239.95
0.720%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 93 Buy predictions and 7 Sell predictions.
With a target price of 444 € there is a hugely positive potential of 85.04% for Lululemon Athletica Inc. compared to the current price of 239.95 €.
