Lulu's Fashion Lounge Holdings (LVLU) PT Raised to $25 at Jefferies with Asymmetric Upside Opportunity

Jefferies analyst Randal Konik raised the price target on Lulu's Fashion Lounge Holdings (NASDAQ: LVLU) to $25.00 (from $23.00) after the company reported 4Q sales/adj. EBITDA of $96.8M and $6.4M ahead of the consensus $92.7M and $3.7M. The Lulus brand appears to be strong and getting stronger with new customers entering the platform at a solid pace, existing customer retention high, and management executing well.

The analyst reiterated a Buy rating, stating "With growth still early stage, share gain opportunity sizable, and valuation extremely low, we see asymmetric risk/reward to the upside." "We believe LVLU's growing brand awareness, scalable operating model, category expansion initiatives, and international growth opportunities are likely to bolster the company's competitive positioning in the large, growing, and highly fragmented global Apparel and Footwear industry."

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