Reported 1 day ago
Piper Sandler has reduced the price target for lululemon athletica (NASDAQ:LULU) from $270 to $200 while maintaining a 'Neutral' rating, attributing the stock's decline to a correction. Despite this, lululemon reported a 7% rise in Q1 2025 net revenue to $2.4 billion, with expectations for continued growth in Q2. The brand remains competitive in the athleisure market despite increased competition, holding a strong reputation for quality while also navigating the challenges posed by the macroeconomic environment.
Source: YAHOO