"Shares of Lululemon (NASDAQ:LULU) are trading at $192.47 after a brutal 50% decline over the past year, but retail investors on Reddit and X are signaling a shift in sentiment. Recent data shows social sentiment climbing to 73 out of 100, up sharply from neutral readings of 50-58 just days earlier. The catalyst is e a combination of factors: the company beat Q3 earnings estimates with $2.59 in EPS and $2.57 billion in revenue,"
"analysts at BTIG reiterated a Buy rating with a $303 price target, and a product crisis involving see-through leggings was resolved when the "Get Low" line returned to online sales on January 22. Lululemon trades at just 14x forward earnings, a steep discount to its historical valuation. The company maintains strong fundamentals with 55.6% gross margins and 15.7% profit margins. Analyst consensus price target of $210 implies 9% upside from current levels"
Shares of Lululemon are trading at $192.47 after a 50% decline over the past year. Social sentiment rose to 73 out of 100 from prior neutral readings. The company beat Q3 estimates with $2.59 EPS and $2.57 billion revenue. BTIG reiterated a Buy rating with a $303 price target. The "Get Low" leggings returned to online sales on January 22, resolving a product-quality issue. Lululemon trades at about 14x forward earnings, with 55.6% gross margins and 15.7% profit margins. Analyst consensus price target of $210 implies roughly 9% upside. Key catalysts include a CEO transition and potential Elliott Management activism.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]