These Analysts Boost Price Targets On Lululemon Athletica Ahead Of Q3 Results

Lululemon Athletica Inc. LULU is scheduled to release results for its third quarter fiscal 2022 on Thursday, December 8, 2022.

Analysts expect Lululemon to report quarterly earnings of $1.96 per share, up from $1.62 per share in the year-ago period. The company’s revenue might come in at $1.81 billion.

Lululemon shares fell 1.3% to trade at $380.96 on Monday.

These analysts made changes to their price targets on Lululemon ahead of the release of quarterly results.

• Citigroup raised the price target on the stock from $350 to $400. Citigroup analyst Paul Lejuez maintained a Neutral rating on the stock.
• Credit Suisse boosted Lululemon price target from $390 to $465. Credit Suisse analyst Michael Binetti maintained an Outperform rating on the stock.
• Cowen & Co. increased the price target on Lululemon from $535 to $542. Cowen & Co. analyst John Kernan maintained an Outperform rating on the stock.
• Stifel boosted the price target on Lululemon from $400 to $450. Stifel analyst Jim Duffy maintained the stock with a Buy.