TD Cowen raised the firm’s price target on Lululemon to $549 from $546 and keeps an Outperform rating on the shares. The firm met with management and came away constructive on the outlook and momentum into 2024 as attention shifts to guidance for the new year. 2024 Consensus EPS of $14.30 appears too conservative and Cowen thinks the company can guide in line and significantly exceed Consensus as 2024 unfolds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LULU:
- Lululemon price target raised to $561 from $555 at Truist
- Nike Stock (NYSE:NKE): Can It Run Higher in 2024?
- Lululemon (NASDAQ:LULU) Raises Q4 Guidance amid Strong Holiday Sales
- Lululemon raises Q4 EPS view to $4.96-$5.00 from $4.85-$4.93, consensus $4.97
- Lululemon price target raised to $555 from $527 at Truist