Could On Holding Become the Next Lululemon?
Lululemon Athletica (NASDAQ: LULU) has generated massive gains for its investors since its initial public offering (IPO) in 2007. Shares of the Canadian athleisure apparel maker have soared from their split-adjusted IPO price of $9 to nearly $510 today -- which would have turned a $1,000 investment into nearly $57,000 over the past 16 years.
Those multi-bagger gains drove many investors to seek out the "next Lululemon" in the athletic apparel market. One of those winners might be On Holding (NYSE: ONON), the Swiss footwear and apparel maker that went public just two years ago.
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 40.91% compared to the current price of 330.0 € for Lululemon Athletica Inc..