CFRA Double Upgrades Lululemon Athletica Inc. (LULU) to Strong Buy, 'decline in shares have provided another great opportunity'

CFRA analyst Zachary Warring upgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Hold to Strong Buy with a price target of $376.00.

The analyst comments "We maintain out 12-month price target of $376, based on 23.5x our FY 26 (Jan ) EPS estimate and below the company's three-year average forward P/E multiple of 28.6x, reflecting our view of decelerating growth and a weakening economic backdrop. We maintain our FY 26 EPS estimate at $16 00 and initiate our FY 27 EPS estimate at $17.50. LULU posted normalized Q4 EPS of $6.14 vs $5.29, $0.27 above consensus estimates on revenues of $3.68 vs $3.26 and $30M above estimates. We believe the decline in shares have provided another great opportunity to own a great brand and strong operator at a big discount."

For an analyst ratings summary and ratings history on Lululemon Athletica Inc. click here. For more ratings news on Lululemon Athletica Inc. click here.

Shares of Lululemon Athletica Inc. closed at $293.06 yesterday.

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