JPMorgan analyst Matthew Boss has adjusted the price target for Lululemon (LULU, Financial), lowering it slightly to $389 from the previous $391. Despite this minor reduction, the analyst maintains an Overweight rating on the company's shares. This tweak comes in the wake of recent assessments in the retail sector, particularly focusing on department stores and specialty softlines, following insights gathered from the firm's recent retail conference.
The decision to slightly revise the price target reflects JPMorgan's broader strategy of reevaluating retail stocks amid the current market dynamics. Lululemon remains under close watch by investors and analysts as it continues to perform in a competitive retail environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 30 analysts, the average target price for Lululemon Athletica Inc (LULU, Financial) is $349.41 with a high estimate of $500.00 and a low estimate of $194.00. The average target implies an upside of 33.86% from the current price of $261.03. More detailed estimate data can be found on the Lululemon Athletica Inc (LULU) Forecast page.
Based on the consensus recommendation from 34 brokerage firms, Lululemon Athletica Inc's (LULU, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lululemon Athletica Inc (LULU, Financial) in one year is $522.55, suggesting a upside of 100.19% from the current price of $261.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lululemon Athletica Inc (LULU) Summary page.
