Oppenheimer analyst Brian Nagel reiterated an Outperform rating and $393.00 price target on Lululemon Athletica Inc. (NASDAQ: LULU) and sees a potential positive update from the company in the offing.

The analyst commented, "LULU is attending the ICR conference in Orlando next week. We expect that a likely upbeat Q4 (Jan. 2023) update and overall constructive tone from management should serve as a positive, nearer-term catalyst for shares and help to underpin improving market sentiment toward shares through the next several months."

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 $325.93 yesterday.