Lulu's Fashion Lounge Struggles Amid Challenging Macro Environment: Analyst Downgrades To Market Perform
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey has downgraded Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) from Outperform to Market Perform, lowering the price target to $3 from $4. The downgrade follows the company's preliminary Q2 results, which showed a decline in net revenue of approximately 20.5%-19.4% compared to last year. The company's struggles are attributed to a challenging macro environment, volatile consumer spending patterns, and exposure to a slow wedding event cycle.
July 26, 2023 | 6:28 pm
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Lulu's Fashion Lounge Holdings, Inc. (NASDAQ:LVLU) has been downgraded by Telsey Advisory Group due to disappointing Q2 results and a challenging macro environment. The company's stock price is likely to be negatively impacted in the short term.
The downgrade by Telsey Advisory Group, a well-respected analyst firm, is likely to negatively impact investor sentiment towards LVLU. The reported decline in Q2 revenues and the challenging macro environment further add to the negative outlook for the company. This combination of factors is likely to put downward pressure on LVLU's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100