Lululemon To Recuperate 15.5% Of Value, Vetr Crowd Believes

Courtesy of Benzinga.

Shares of Lululemon Athletica inc. (NASDAQ: 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.

Related Link: Here’s How Crowdsourced Ratings Can Beat The Market

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.

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General