Lululemon's Stock: A Buying Opportunity?

Lululemon Faces Challenges, But Investor Michael Burry Sees OpportunityLululemon, once a Wall Street favorite, has seen its stock plummet, with management cutting guidance and facing tougher competition. However, famous investor Michael Burry believes the stock has been oversold and sees potential for a rebound. The companys third-quarter results showed a seven percent revenue increase, driven by international growth, and they raised full-year guidance. Analysts maintain a hold rating, with price targets around $205-$303.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.