Could Lululemon Stock Hit $500 by 2023?
In the short term, the stock market tends to be very unpredictable. Investor sentiment regarding any single stock can change instantly for a variety of reasons. Over the long term, however, stock prices tend to follow their companies' underlying fundamental performance. Even so, it's still fun to try and predict how we think some popular tickers will perform over the coming year.
Enter Lululemon Athletica (NASDAQ: LULU). Although the business has done exceptionally well recently, the stock price is up just 16% this year, trailing the S&P 500's 25% gain. Shareholders ought to be wondering what the future for this leading athletic apparel business holds.
Could Lululemon see its stock price hit $500 by 2023? Let's explore the idea and see if we can find an answer.
Source Fool.com
