Analysts Raise Lululemon Stock Price Targets Following Earnings

Lululemon (NASDAQ: LULU) shares are up over 12% on Thursday after it published its second-quarter earnings report.

The athletic apparel retailer reported earnings of $1.65 per share, beating estimates of $1.19. Revenue came in at $1.45 billion, also beating estimates of $1.34 billion.

The company’s stock price is currently trading at $424 per share.

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Several analysts have upgraded Lululemon price targets since the earnings report:

Piper Sandler raised Lululemon’s price target from $446 to $481
The company’s price target was raised to $474 from $436 at Deutsche Bank
Baird raised its price target on the firm from $435 to $485
JPMorgan raised Lululemon’s price target to $500 from $450
Wells Fargo Increased its price target on the firm to $410 from $335
Lululemon price target raised to $468 from $419 at MKM Partners, with analyst Roxanne Meyer saying the Q2 results were “significantly better” than expected.
Cowen raised Lululemon’s price target to $520 from $476, keeping an Outperform rating.
Guggenheim raised its price target to $475 from $450 with analyst Robert Drbul, saying he is encouraged by the continued broad strength and impressed with the growth in its e-commerce business.

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