$LULU Left for dead company. Analysts and traders realizing a little positivity will send this through the roof.? Henry Miller (@keynesian) Jun. 6 at 10:19 AM
Sentiment on the stock is 65% bullish, according to StockTwits' analytics. Many investors and analysts say yoga pants have replaced jeans as the American woman's preferred casual attire and, as a result, Lululemon's sales can only increase.
Lululemon shares climbed more than 3% Friday to $44.26 as of 12:30 p.m. The consensus price target is $61.56, according to the Analyst Ratings Network.
The stock is still down more than 37% since the company recalled black yoga pants that became see-through when women worked out. And some investors argue that Lululemon will have difficulty regaining its former valuation due to increasing competition from Athleta and other stores.