Yahoo Finance

Raymond James analyst Rick Patel raised the firm’s price target on Lululemon (LULU) to $430 from $400 and keeps an Outperform rating on the shares after meeting with management. Ahead of the ICR Conference, Lululemon raised guidance for Q4 across revenue, margins and earnings, the analyst tells investors in a research note. In fiscal 2025, the firm sees accelerating innovation, continued strength in international markets, and ongoing product diversification driving revenue growth an estimated 7%, which it thinks should have upside potential. It expects Lululemon’s operating margins to be modestly lower as certain expense restrictions are eased, but wouldn’t be surprised to see the company beat as maintaining high margins remains a priority.

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