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7 Stocks That Don’t Need an AI Boost to Move Higher - 6 of 7

 
 

#6 - Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ: LULU) doesn't jump out as a "value" stock. LULU stock is up over 200% in the last five years. However, the company is becoming one of the best "defensive" apparel stocks investors can buy. The company's products are priced for high net-worth individuals. But that isn't slowing down the company's growth one bit.  

With one quarter to go in 2024, as of this writing, Lululemon's revenue is up 19%, and earnings are up 31%. And with the company projecting 15% earnings growth in the next 12 months, the stock's trajectory will likely remain bullish. 

Analysts continue to bid the stock higher. The Lululemon Athletica analyst ratings on MarketBeat give LULU stock a consensus price target of $493.87. However, on February 20, 2024, Needham & Company reiterated its Buy rating on the stock with a price target of $525.  

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories. Read More 
Current Price
$379.42
Consensus Rating
Moderate Buy
Ratings Breakdown
18 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
Consensus Price Target
$377.63 (0.5% Downside)

 

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