Analyst: Lululemon Could Have a 26% Upside
While its share value has nosed down slightly today, lululemon athletica (NASDAQ: LULU) got a longer-term thumbs-up from a J.P. Morgan analyst on Monday in the form of a price target predicting a nearly 26% upside for the stock. As reported by The Street, the bank continues to rate Lululemon as overweight, while hiking its price target to $415, one of the most optimistic figures currently assigned to the apparel company by Wall Street analysts.
While the outlook on the athleisure clothing seller is generally bullish, J.P. Morgan's Matthew Boss sees a market landscape loaded with opportunities for Lululemon's expansion. Some of the areas where he believes Lululemon can achieve its growth to a brand worth over $5 billion include rapid acceleration of menswear sales, energetic e-commerce expansion, the potential for more personal-care products, and "significant untapped International presence."
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Source Fool.com
