LULU Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for LULU's price movement in the next trading week:
Technical Analysis
The stock is currently trading at $400.03, showing a bullish momentum after gaining 3.14% in the last trading session. Key technical levels to watch:
- Support: $385.56 (Fibonacci pivot)
- Resistance: $399.93 (R1), $408.80 (R2)
- RSI: 62.76 indicating moderate bullish momentum but not overbought
Recent News Impact
- Positive Catalysts:
- KeyBanc raised price target, citing strong holiday season performance and progress in growth initiatives
- Strong position in athleisure market with ambitious sales targets for men's apparel and digital channels
- Potential Concerns:
- Premium sportswear market competition intensifying with market projected to reach $107 billion by 2024
- MEAG Munich Ergo Asset Management made significant position changes, though they increased stake in LULU
Price Target Analysis
Based on technical indicators and recent market movements, here are the projected price levels for next week:
- Bullish scenario (60% probability): Break above $400 resistance could push price to $408.80
- Neutral scenario (30% probability): Consolidation between $385-$400
- Bearish scenario (10% probability): Drop to support at $371.20 if market sentiment weakens
Trading Recommendation
HOLD/ACCUMULATE with a price target of $408.80 for next week. Traders should:
- Enter long positions near support at $385.56
- Set stop loss at $371.20
- Take partial profits at $399.93 and $408.80
The stock shows strong momentum but watch for potential market volatility around the Federal Reserve meeting next week.
LULU Similar Chart Price Prediction
The price of LULU is predicted to go up 5.98%, based on the high correlation periods with DXCM. The similarity of these two price pattern on the periods is 91.04%.
LULU
DXCM
Up: 5.98%Similarity: 91.04%
LULU Revenue Forecast
LULU EPS Forecast
LULU FAQs
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LULU VS S&P500
Lululemon's digital sales increased to about $5 billion in 2023 from less than $100 million in 2010 but its stores have remained very productive. Its sales per square foot of about $1,600 are extremely high.
Lululemon has a big opportunity in mainland China, which accounted for just 10% of its 2023 sales. China is already the second-largest sportswear market in the world.
Lululemon is often credited with the development of athleisure, which we believe is a major change in how people dress and has increasingly broad appeal.
LULU Analyst's Forecast
Paul Knight
Keybanc
Buy
Price Target
$400 → $420
Upside
+8.29%
KeyBanc raised the firm's price target on Lululemon to $420 from $400 and keeps an Overweight rating on the shares. Lululemon noted stronger holiday results, and the firm thinks the gradual move back to a more normalized level of newness should have a positive impact on U.S. sales trends and our FY25 estimates. KeyBanc continues to view Lululemon as well-positioned given its exposure to the athleisure market, and sees continued execution on its Power of Three x2 initiatives this year.
Adrienne Yih
Barclays
Hold
Price Target
$378 → $411
Upside
+10.78%
Matthew Boss
JP Morgan
Buy
Price Target
$428 → $437
Upside
+17.79%