Lululemon stock has potential to reach $500 in 2025 due to strong fundamentals and outlook
From Nasdaq, Inc.: 2024-12-15 08:30:00
Despite a tough year, Lululemon Athletica (NASDAQ: LULU) has been a strong performer historically, with shares soaring 670% in the past decade. Annualized revenue growth of 19% and EPS growth of 21% over the same period show strong fundamentals. Analysts project a 7% rise in EPS for fiscal 2025. With shares trading at a P/E ratio of 28, well below its average, could the stock hit $500 in 2025? Market sentiment and potential multiple expansion may play a role in reaching that goal.
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