Lululemon Athletica’s US Sales Recover, Trends Could Accelerate This Quarter, Says Bullish Analyst
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While shares of Lululemon Athletica Inc (NASDAQ:LULU) underperformed the broader index in 2024 due to a slowdown in U.S. sales, checks indicate “a strong recovery of demand” during the holiday season, according to Needham.
The Lululemon Athletica Analyst: Analyst Tom Nikic upgraded the rating for Lululemon Athletica from Hold to Buy, while establishing a price target of $475.
The Lululemon Athletica Thesis: The demand recovery in December suggests that the company’s performance in the U.S. could accelerate in the current quarter, Nikic said in the upgrade note.
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