Better Buy: Nike vs. Lululemon Stock
Wall Street has put both Nike (NYSE: NKE) and Lululemon Athletica (NASDAQ: LULU) stocks on the discount shelf this year. The retailers are down 14% and 24% in 2024, respectively, even as the S 500 is up 9% through late March.
Both stocks will likely bounce back. Nike is the clear leader in the athletic footwear niche, after all, and Lululemon has a bright long-term outlook as it pushes into new geographies and product categories.
But one stock will be a better fit in most investors' growth-focused portfolios. Let's look at which one is the more attractive buy right now.
Source Fool.com
Lululemon Athletica Inc. Stock
€139.20
0.030%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 45 Buy predictions and 6 Sell predictions.
With a target price of 297 € there is potential for a 113.36% increase which would mean more than doubling the current price of 139.2 € for Lululemon Athletica Inc..
