This Is What Whales Are Betting On Lululemon Athletica
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Lululemon Athletica (NASDAQ:LULU), with 60% of recent trades being bearish. The price target for LULU over the last 3 months has been between $330.0 and $460.0. Morgan Stanley, Telsey Advisory Group, and Piper Sandler have all downgraded their ratings on LULU, with price targets of $424, $430, and $450 respectively. The current price of LULU is $379.89, up 0.09%.
July 14, 2023 | 6:32 pm
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Bearish stance taken by a significant investor on Lululemon Athletica. Price targets set by Morgan Stanley, Telsey Advisory Group, and Piper Sandler are $424, $430, and $450 respectively.
The bearish stance taken by a significant investor, along with the downgraded ratings from Morgan Stanley, Telsey Advisory Group, and Piper Sandler, could potentially lead to a decrease in LULU's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100