1 Growth Stock Down 10% to Buy Hand Over Fist
Its growth potential is so clear that Lululemon Athletica (NASDAQ: LULU) stock rarely goes on sale. Most of Wall Street is aware of the athleisure specialist's competitive advantages, including its steady flow of innovative product releases and its expanding base of highly loyal customers.
Yet the stock has declined 10% since the start of 2024 potentially on worries about what the chain might have to say in its late March earnings report. Investors should do their best to ignore those short-term concerns and focus instead on Lululemon's excellent outlook for the next decade or more.
Lululemon is having no trouble growing these days, even while many competitors struggle with weak demand. Revenue jumped 19% year over year last quarter, including a 9% comparable-store sales boost and a 19% increase in the digital selling channel. Nike (NYSE: NKE), meanwhile, reported a 1% sales drop last quarter. It's clear which of these two companies is the growth stock right now.
Source Fool.com
Lululemon Athletica Inc. Stock
Our community is currently high on Lululemon Athletica Inc. with 66 Buy predictions and 5 Sell predictions.
As a result the target price of 465 € shows a positive potential of 39.95% compared to the current price of 332.25 € for Lululemon Athletica Inc..
