1 Growth Stock Down 21% to Buy Right Now
Helped by its high-priced premium apparel products, Lululemon Athletica (NASDAQ: LULU) has found tremendous financial success. Both revenue and net income have consistently soared at double-digit rates, pushing its shares up 215% over the past five years, a gain that easily beats that of the Nasdaq Composite.
This year has been rewarding, too, with the shares up 18% so far in 2023. Yet, they are still about 21% below their all-time high reached in November 2021. Let's take a closer look at this popular apparel business.-- and why this is still a top growth stock to consider buying right now.
Lululemon's growth has been nothing less than outstanding. In the three-year period through January 2023, sales increased at a compound annual rate of 26.5%. And it's all the more impressive considering that this stretch included the coronavirus pandemic, supply chain bottlenecks, high inflation, rising interest rates, and ongoing economic uncertainty.
Source Fool.com
Lululemon Athletica Inc. Aktie
Die Community sieht Lululemon Athletica Inc. leicht positiv: Mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Lululemon Athletica Inc. ein Kursziel von 457 €, was eine Steigerung von über 50% gegenüber 285.75 € bedeuten würde.
