Good News: Lululemon Stock Could Be Headed Higher
Even with a stock price that has soared nearly 600% over the past five years, you might think Lululemon's (NASDAQ: LULU) days of market outperformance are over. I'm here to tell you that you're likely wrong with that assumption, as the athletic apparel maker still has a sizable market opportunity ahead of it. And what may seem like a steep valuation at first is actually not too bad given the company's trajectory.
Here's why Lululemon's stock could be headed higher.
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Source Fool.com
