Is Lululemon Stock Finally a Buy Below $170?
Things have gone from bad to worse for (NASDAQ: LULU). Increased competition and changing consumer trends in the United States have triggered a major growth slowdown for the apparel brand, and the stock is now off close to 70% from all-time highs. At a price of $160, the stock is at one of its lowest levels in years.
Shareholders of Lululemon are feeling the pain. At the same time, its valuation is now close to its lowest level ever. Does that make Lululemon stock a slam-dunk buy below $170?
Image source: Getty Images.
Source Fool.com
Lululemon Athletica Inc. Stock
€146.64
-0.110%
Our community is currently high on Lululemon Athletica Inc. with 64 Buy predictions and 5 Sell predictions.
Based on the current price of 146.64 € the target price of 345 € shows a potential of 135.27% for Lululemon Athletica Inc. which would more than double the current price.
