Why These Lululemon Analysts Have Boosted Their Price Targets Ahead Of Earnings

Lululemon Athletica Inc. LULU is expected to report quarterly earnings

Lululemon is projected to post quarterly earnings at $1.96 per share on revenue of $1.81 billion.

Lululemon shares gained 0.7% to $374.76 in pre-market trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup’s analyst Paul Lejuez maintained a Neutral rating on December 6, 2022, and raised the price target from $350 to $400. Lejuez sees around 7% upside in the company’s stock and has an accuracy rate of 81%.

Raymond James analyst Rick Patel reiterated a Strong Buy rating on the stock on December 6, 2022, and raised the price target from $345 to $438. This analyst sees around 17% upside in the company’s stock and has an accuracy rate of 88%.

Stifel’s analyst Jim Duffy maintained a Buy rating on December 5, 2022, and boosted the price target from $400 to $450. This analyst sees over 20% upside in the company’s stock and has an accuracy rate of 76%.

Cowen & Co. analyst John Kernan maintained an Outperform rating on the stock on December 5, 2022, and raised the price target from $535 to $542. This analyst sees more than 45% upside in the company’s stock and has an accuracy rate of 59%.

Credit Suisse’s analyst Michael Binetti reiterated an Outperform rating on the stock on December 5, 2022, and raised the price target from $390 to $465. This analyst sees around 25% upside in the company’s stock and has an accuracy rate of 58%.

Investor Sentiment Drops Further After S&P 500 Falls For Fifth Session