Citigroup raised the 12 month target on Lululemon (LULU:NSD) to $520 from $450

American Analyst Ratings for January 4th 2024

Analyst Ratings Coverage

Citigroup (Rank #13) on Friday December 1st, issued a research report on Lululemon Athletica’s stock, and raised the 12 month target on the stock to $520 from $450 per share. The analyst also maintained the “Buy” rating on the stock.

LULU Stock Analysis

Lululemon Athletica Inc. (LULU):

Analyst Target Price: According to the consensus forecast of 25 analysts, the average target price for Lululemon Athletica Inc. over the next 12 months is USD 444.72. This average is derived from individual price targets provided by financial analysts who closely follow the company. Analysts use various methodologies, including financial modeling, industry analysis, and market trends, to arrive at their target prices. The consensus target price serves as an indicator of the analysts’ collective expectation for the stock’s future value.

Average Analyst Rating: Strong Buy: The average analyst rating for Lululemon Athletica Inc. is classified as “Strong Buy.” This designation is often based on a combination of buy, outperform, or overweight recommendations by analysts covering the stock. A “Strong Buy” rating generally indicates a high level of confidence among analysts that the stock is expected to perform well in the future. It suggests that, according to the analysts’ assessments, the company has strong growth potential or is undervalued relative to its market peers.

Stock Target Advisor’s Analysis: Slightly Bullish: Stock Target Advisor provides its own analysis of Lululemon Athletica Inc.’s stock, characterizing it as “Slightly Bullish.” This assessment is based on a proprietary algorithm that considers multiple factors, including technical indicators, moving averages, and other quantitative metrics. The algorithm generates signals that contribute to the overall bullish or bearish sentiment. In this case, the “Slightly Bullish” rating suggests that, according to Stock Target Advisor’s analysis, there are slightly more positive signals than negative signals regarding Lululemon’s stock performance.

Recent Stock Performance: As of the last closing, Lululemon Athletica Inc.’s stock price was USD 446.80. Over the past week, the stock has experienced a positive change of +4.30%, indicating short-term upward momentum. The positive momentum extends to the past month, with a change of +14.05%. Over the last year, Lululemon’s stock has shown consistent growth, with a notable change of +17.48%. These figures provide insights into the recent performance and trends in the stock’s valuation, reflecting positive investor sentiment and potential market confidence in the company’s outlook.

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