Lululemon Stock Rebounds After Mixed Earnings, Analysts Maintain Bullish Targets

Lululemon Athletica Inc. shares surged 4% despite delivering mixed quarterly results, with Wall Street analysts holding firm on a $375 price target. The apparel Maker beat earnings expectations at $3.10 per share but narrowly missed revenue estimates with $2.53 billion in Q2 sales.

CEO Calvin McDonald struck a cautious tone: "We know our brand can perform better than these results." Initial after-hours trading saw a 12% plunge before recovering, as investors weighed strong profitability against softening U.S. market performance.

Technical charts show LULU currently trading at $206.09, with 24 analyst ratings maintaining a Moderate Buy consensus. The disconnect between near-term volatility and long-term price targets reflects confidence in the company's premium positioning within the athleisure sector.