Lululemon Athletica's (LULU) revenue growth is expected to solidify over time, given its "superb" ability to manage operations and finances and to improve merchandising, Oppenheimer said Friday in a report.
The firm boosted its fiscal 2025 earnings forecast to $15.82 a share from $15.25, topping the Wall Street consensus of $15.37. Oppenheimer projected 2026 earnings at $17.75 a share versus the consensus of $16.84.
The firm sees fiscal 2025 sales growth of 7% to 9%, compared with the current consensus forecast of 6% to 8%.
With "subdued" consensus estimates, Oppenheimer said it sees potential upside surprises for the athletic apparel retailer
The firm lifted its price target on Lululemon stock to $500 from $380 and reiterated its outperform rating.
Lululemon shares fell 1.6% in recent Friday trading.
Price: 405.22, Change: -6.61, Percent Change: -1.61
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