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
€174.46
2.190%
The stock is one of the favorites of our community with 68 Buy predictions and 3 Sell predictions.
As a result the target price of 340 € shows a very positive potential of 94.89% compared to the current price of 174.46 € for Lululemon Athletica Inc..
