How High Can Lululemon Stock Fly?
In spite of reports of slowing consumer spending and increasing competition in the activewear space, Lululemon Athletica (NASDAQ: LULU) handed in another stellar report for its first quarter of 2023. Revenue increased 24% year over year to $2 billion. Suffice to say, this is no longer a niche company that provides women's yoga attire.
The shares have rallied 21% over the past year, bucking the bear market and handily beating the 4% gain of the S 500 index. But with inflation still eating into consumers' budgets, is Lululemon's valuation stretched to the max right now?
Even better than Lululemon's 24% revenue increase last quarter was the earnings per share surge, up 54% year over year to $2.28. But is it really sustainable?
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 92 Buy predictions and 7 Sell predictions.
As a result the target price of 449 € shows a very positive potential of 91.8% compared to the current price of 234.1 € for Lululemon Athletica Inc..
