Lululemon Upgraded to Buy as U.S. Sales Show Signs…

From N/A: 2025-01-10 17:08:00

Needham analysts upgraded Lululemon Athletica Inc. (NASDAQ:LULU) from Hold to Buy with a price target of $475, citing renewed optimism after a challenging year. U.S. demand rebounded in December, potentially boosting sales momentum for the current quarter. Lululemon’s conservative guidance for Q4 leaves room for an earnings beat, signaling a positive outlook for investors. The stock remains undervalued, offering potential for multiple expansion if the U.S. market accelerates. Appearance at the ICR conference could lead to a positive preannouncement of fourth-quarter results.



Read more at N/A:: Lululemon Upgraded to Buy as U.S. Sales Show Signs…