New BUY Rating: Down 32%, Lululemon Stock (LULU) Can See Double-Digit Returns
Hey guys, we just wrote a new article on TipRanks and gave LULU stock a Buy rating. Here’s our thesis:
Lululemon (NASDAQ:LULU) has seen its value drop by 32% from its peak, with the decline accelerating following its earnings report in late March. The slip in price came as investors reacted to the company's disappointing guidance. Despite this, the stock now sits at an attractive valuation (its lowest valuation in years), given LULU’s growth potential.
We think LULU stock is poised to deliver returns in the double digits over the medium term, and we explain why in our article on TipRanks here. You can also check out the article by clicking the button below.