Lululemon Analyst Projects Double-Digit Topline Growth, Points To China Opportunity
Portfolio Pulse from Priya Nigam
Lululemon Athletica Inc (NASDAQ:LULU) has been projected to experience double-digit topline growth due to its accelerating technical innovation. The company's rising wallet share in both core franchises and newer Play verticals is expected to contribute to this growth. Analyst Anna Andreeva initiated coverage of Lululemon with a Buy rating and a price target of $470. China, representing 19% of the company's store base but only 13% of sales, is seen as a big opportunity to increase productivity.
September 20, 2023 | 6:28 pm
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Lululemon Athletica is expected to see double-digit topline growth, with China seen as a significant opportunity for increased productivity. The company's stock has been given a Buy rating and a price target of $470.
The news of Lululemon's projected double-digit topline growth and the initiation of its coverage with a Buy rating and a $470 price target is likely to have a positive impact on its stock price. The company's potential for increased productivity in China, which represents a significant portion of its store base, further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100