Lululemon price target raised, added to ‘Top 5 Outperforms List’ at Evercore ISI

Evercore ISI raised the firm’s price target on Lululemon (LULU) to $495 from $440 and keeps an Outperform rating on the shares, which have also been added to the analyst’s “Top 5 Outperforms List.” Evidence is mounting that the company’s product issues were contained to 2024 and the analyst’s “conviction is increasing that compelling innovation is poised to improve,” boosted by easy comparisons, in Q1, the analyst tells investors. Changes the company made to its go-to-market process raise the chances of a durable improvement in Americas same-store sales growth moving into 2025, the analyst added.