BUZZ-Brokerages lift Lululemon's PT on product innovation, raised Q4 forecasts
** Brokerages raise PT on sportswear maker Lululemon Athletica LULU.O following the co lifting its Q4 sales and profit forecasts on Monday, aided by strong holiday season demand
** Guggenheim ("buy") raises PT to $430 from $415, says co is successfully returning to historical levels of seasonal product newness as they believe insufficient newness negatively impacted 2024 sales
** Raymond James ("outperform") raises PT to $430 from $400, sees revenue growth driven by accelerating product innovation, diversification and co's strength in relatively underpenetrated international markets
** Wells Fargo ("equal weight") also raises PT to $375 from $350
** 22 of 36 brokerages rate the stock "buy" or higher, 11 "hold" and 3 "sell" or lower, with a median PT of $398 - data compiled by LSEG
** LULU fell ~25% in 2024
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
Related Articles
Don't Miss Walmart's Aug 21 Earnings: $0.73 EPS Forecast, Grocery + E-Com Dual Engines – Unlimited Upside Potential?
TradingKey - Walmart's stock price has shown an overall fluctuating upward trend since the release of its first-quarter earnings report, benefiting from investors' favoritism towards Walmart as a defensive stock, as well as expectations for its stable growth in e-commerce and grocery businesses.
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Understanding Token Burning: Why Crypto Projects Destroy Their Own Coins
Token burning is the permanent removal of cryptocurrency from circulation, similar to stock buybacks in traditional finance. Tokens are sent to a “burn address” or “blackhole address” — wallets with no private key access — making them unrecoverable and unusable.
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
