Lululemon’s Q3 earnings could reshape its stock market trajectory
Lululemon is set to release its third-quarter results on December 4, 2023. The company has faced recent challenges but continues to see success with key product lines. Analysts remain optimistic about its future performance.
BTIG analyst Janine Stichter has reaffirmed her buy rating for Lululemon stock. She believes the current low investor sentiment and valuations create an opportunity for growth. Her price target stands at $303 per share.
Under CEO Calvin McDonald, the brand has managed to secure wins with certain products, despite broader market pressures. Stichter’s confidence reflects a belief in the company’s ability to overcome obstacles and deliver strong returns.
Investors will be watching closely when Lululemon reports its earnings next month. The results could influence market perception and stock movement in the coming weeks.
Stichter’s $303 target highlights her bullish outlook on Lululemon’s potential. The upcoming earnings report will provide further clarity on whether the company can maintain its momentum. For now, analysts like Stichter see room for the stock to climb.
