Lululemon: Valuation Remains Compelling Ahead Of Earnings, Even After 40% Rally
Portfolio Pulse from
Lululemon (LULU) is considered undervalued by 10% despite a 40% rally. The company faces mixed technical indicators and potential downside risks due to missed revenue estimates and lowered FY 2024 guidance. Strong consumer spending is expected, but international sales growth is uncertain.
November 18, 2024 | 8:00 pm
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Lululemon is seen as undervalued by 10% despite a 40% rally. The company faces potential risks due to missed revenue estimates and lowered FY 2024 guidance, but strong consumer spending is expected.
Lululemon is considered undervalued, which is positive, but the missed revenue estimates and lowered guidance introduce potential risks. The expected strong consumer spending could offset some of these risks, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100