Lululemon Could Stage A 21.8% Rebound, Vetr Crowd Says

Shares of Lululemon Athletica inc. LULU were having a great year until a couple of year ago, with gains since January surpassing 53 percent. However, since August 25 the stock tumbled more than 15.5 percent.

Interestingly, the Vetr crowd seems to believe this slip has created some room for upside, as evidenced by its average price target of $82.40. This target implies a potential return of roughly 21.8 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on shares of Lululemon on Monday, from 3.5 stars (Buy) to 5.0 stars (Strong Buy) — out of a possible five-star rating.

It should be noted that, in accordance with the new rating, 100 percent of the crowd’s ratings are bullish at the time, meaning that all raters see the stock surging to some degree.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.