UPDATE: Lululemon Athletica Inc. (LULU) Upside Derisks the Story, PT Raised to $419 at Morgan Stanley
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Lululemon Athletica Inc. (LULU) PT Raised to $500 at Argus
September 10, 2021 8:51 AM EDTArgus analyst John Staszak raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $500.00 (from $416.00) while maintaining a Buy rating. The analyst commented:
Lululemon has a strong brand and growing direct-to-consumer sales, which we expect to lead to higher margins... MoreLululemon Athletica Inc. (LULU) PT Raised to $481 at Piper Sandler
September 9, 2021 7:25 AM EDTPiper Sandler analyst Erinn Murphy raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $481.00 (from $446.00) while maintaining an Overweight rating.
The analyst commented, "We remain buyers of LULU following Q2's stellar results with EPS of $1.65 coming in well... More
Lululemon Athletica Inc. (LULU) PT Raised to $500 at Stifel
September 9, 2021 6:33 AM EDTStifel analyst Jim Duffy raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $500.00 (from $445.00) while maintaining a Buy rating.
The analyst commented, "2Q results and strong guidance emphatically demonstrate LULU brand momentum and post pandemic lock-down relevance. The FY2H guide... More
Lululemon Athletica Inc. (LULU) PT Raised to $520 at Cowen
September 9, 2021 6:17 AM EDTCowen analyst John Kernan raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $520.00 (from $476.00) while maintaining an Outperform rating.
The analyst commented, "LULU's FY21 revenue outlook increased by +$285MM-$435MM to $6.19B-$6.260B vs. pre-release consensus of $5.942B, exceeding... More
Lululemon (LULU) Surges 13% After Beating Q2 Estimates, Analysts Raise PTs to Reflect Broad-Based Strength
September 9, 2021 4:32 AM EDTShares of lululemon athletica (NASDAQ: LULU) are up over 13% in pre-open Thursday after the company delivered stronger-than-expected Q2 results.
LULU said it made a profit of $1.65 per share to easily top the $1.18 consensus. Revenue came in at $1.5 billion, again higher than the $1.33 consensus.
"Our second quarter results demonstrate the continued momentum across the business, and how we are living into our Power of Three growth plan and Impact Agenda commitments. We launched exciting new products, experienced strength across channels and geographies, and announced new partnerships that will allow us to become a leader in... More
