This Is What Whales Are Betting On Lululemon Athletica
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU), with 51% of detected trades having bearish expectations. Whales have been targeting a price range of $190 to $490 for LULU over the last 3 months. Analysts from Piper Sandler, Citigroup, Telsey Advisory Group, and BMO Capital maintain positive ratings on the stock, with price targets ranging from $355 to $450.
June 06, 2023 | 8:31 pm
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A whale investor has taken a bearish stance on Lululemon Athletica, but analysts maintain positive ratings on the stock with price targets ranging from $355 to $450.
The bearish stance taken by the whale investor may create some short-term downward pressure on LULU's stock price. However, the positive ratings and price targets from various analysts suggest that the stock has strong potential in the medium to long term. As a result, the short-term impact on LULU's stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100