Lululemon Stock Jumps on Bullish Analyst Note Ahead of Earnings
Lululemon shares rallied nearly 5% Monday after BTIG analyst Janine Stichter reaffirmed her bullish stance, maintaining a Buy rating and $303 price target. The projection suggests 80% upside potential from current levels, offering a rare bright spot for a stock that's lost over half its value this year.
Investors showed renewed interest as trading volume normalized, signaling cautious Optimism ahead of the December 4 earnings report. BTIG expects third-quarter results to align with previous guidance, though all eyes remain on potential growth re-acceleration in the critical Americas market.
The athleisure brand's trough valuation presents a potential value play, with weak sentiment creating an asymmetric opportunity. Market participants appear willing to look past recent challenges, betting on management's ability to execute amid shifting consumer preferences.
