Oppenheimer analyst Brian Nagel maintains $Lululemon Athletica (LULU.US)$ with a buy rating, and adjusts the target price from $445 to $380.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 21.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lululemon Athletica (LULU.US)$'s main analysts recently are as follows:
It is projected that near-term and future earnings per share will remain well-protected, with expectations leaning towards a modest third-quarter earnings per share surpass and a reaffirmation of the yearly guidance. However, discussions are anticipated to persist into the fourth quarter regarding the potential leveling off in the Americas, prospects in China and other international markets, and the company's likelihood to offer promotions.
It is anticipated that while overall revenue trends for Lululemon may continue to be subdued, mainly due to recent product strategy errors in the women's segment domestically, it's also believed that internal conditions have not worsened further. The demand within the athletic apparel and footwear sector is generally seen as stable, which suggests Lululemon's third quarter results could align with current market expectations, with little to no necessity for an additional downward revision in their fiscal year 2024 forecasts.
Note:
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