Lululemon To Recuperate 15.5% Of Value, Vetr Crowd Believes

Shares of Lululemon Athletica inc. LULU have tumbled 21.75 percent in the past month. This, the Vetr crowd seems to believe, has unlocked some room for upside, as evidenced by its average price target of $71.40, which implies a potential return of 15.5 percent from current valuations.

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Seeking to better reflect the larger upside potential, the Vetr community upgraded its rating on shares of Lululemon on Thursday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 80 percent of the crowd’s ratings are bullish at the time.