Lululemon Stock Is Soaring After Earnings. Why Analysts Are Bullish.
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Lululemon's stock surged after the company exceeded third-quarter earnings expectations, prompting analysts to issue bullish price targets.
December 06, 2024 | 8:30 pm
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Lululemon's stock price increased significantly following the company's better-than-expected third-quarter earnings report. Analysts have responded positively with bullish price targets.
The positive earnings surprise and subsequent bullish analyst price targets are likely to drive Lululemon's stock price higher in the short term. The market often reacts favorably to earnings beats, and analyst upgrades can further boost investor confidence.
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