Needham Maintains Buy on Lululemon Athletica, Raises Price Target to $525
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Rick Patel has reaffirmed a Buy rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $470 to $525, indicating a positive outlook on the company's stock.
December 08, 2023 | 10:35 am
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POSITIVE IMPACT
Needham's analyst Rick Patel has maintained a Buy rating on Lululemon Athletica and raised the price target to $525, suggesting a strong growth potential for the stock.
The increase in price target by Needham reflects a bullish outlook on Lululemon Athletica, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100