Is the Party Over for Lululemon Stock?
(NASDAQ: LULU) stock closed at its all-time high of $511.29 on Dec. 29, 2023. That 5,581% gain from its split-adjusted IPO price of $9 in July 2007 would have turned a $10,000 investment into $568,100. The yoga and athletic apparel retailer impressed the bulls with its resilience during the early days of the pandemic and its ambitious growth plans.
But today, Lululemon's stock trades at about $220. It lost its luster as its North American growth stalled out and it faced tougher competition from smaller and cheaper brands, and tariffs exacerbated that pressure. So is the party over for this former high-growth stock?
Image source: Getty Images.
Source Fool.com
Lululemon Athletica Inc. Stock
€154.94
-4.710%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 48 Buy predictions and 6 Sell predictions.
With a target price of 305 € there is a hugely positive potential of 96.85% for Lululemon Athletica Inc. compared to the current price of 154.94 €.
