Lululemon Set For Strong Global Growth Despite Mixed US Trends: Analysts Eye China As Key Driver For 2024-2026 Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: Benzinga
Analyst Insights on Lululemon: JP Morgan's Matthew R. Boss projects strong growth for Lululemon, with North American revenues normalizing to a 12% CAGR by FY24 and international revenues expected to exceed 30% annual growth, reaching 35% of total sales by 2026. Goldman Sachs' Brooke Roach notes mixed signals, highlighting improved brand metrics but declining in-store traffic and sluggish sales.
Market Performance: LULU shares recently fell 0.41% to $269.28, as analysts anticipate the upcoming Shanghai Analyst Meeting will emphasize international growth potential, particularly in China, without new long-term financial targets being announced.
Analyst Views on VFQY
Wall Street analysts forecast VFQY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VFQY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
