MKM Partners Analyst Bullish on Lululemon Athletica inc. (LULU)
Analyst Roxanne Meyer of MKM Partners maintained her Buy rating for Lululemon Athletica inc. (NASDAQ:LULU) with a price target of $82, marking a 7% increase from current levels. She feels that the perception of Lululemon’s brand is rising as it continues to innovate. Lululemon has demonstrated success in men’s and women’s pants as well as women’s tops. The analyst notes that although lululemon’s products are pricey, this is not a risk based on its consumers belief that it is worth spending the extra money on its quality products. This is indicated by “over 31% of U.S. lululemon consumers rank[ing] it better on price/ value vs. other brands, and 75% rank[ing] it as the same or better.”
According to TipRanks, Meyer has a success rate of 72% with an average return of 14% per recommendation.