Citi Cuts PT on Lululemon Athletica Inc. (LULU) to $185 From $210 – Here’s Why

Lululemon Athletica Inc. (NASDAQ:LULU) is one of the most undervalued retail stocks to invest in now. Citi cut the price target on Lululemon Athletica Inc. (NASDAQ:LULU) to $185 from $210 on March 23, reiterating a Neutral rating on the shares. The stock also received a rating update from BTIG on March 18, with the firm lowering the price target on Lululemon Athletica Inc. (NASDAQ:LULU) to $225 from $250 and reaffirming a Buy rating on the shares.

Here’s Why Lululemon Athletica (LULU) Stock Surged 28% from Fund Purchase Price

The rating updates came after the company reported its fiscal Q4 and full-year results, with BTIG also citing below-consensus Q1 guidance. The firm told investors in a research note that although Lululemon Athletica Inc.’s (NASDAQ:LULU) fiscal Q4 results exhibited signs of sequential top-line progress in the Americas, Q1 guidance points towards a sequential step back as the company takes the early steps to return to historical levels of full-price selling. It further stated that while the 2026 guidance is below consensus, the outlook is still not reflective of a hard reset on the business.

Founded in 1988, Lululemon Athletica Inc. (NASDAQ:LULU) is a luxury athletic apparel, footwear, and accessories retailer. It sells leisure-athletic wear and accessories such as socks, bags, and yoga mats for fitness activities.

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