lululemon updated October 14, 2022

The report on lululemon is updated adn rated Speculative Buy at U.S. $296 (it has slipped to about $289 as I post this). It remains an expensive stock and is pricing in strong growth. But it has a history of strong growth and it has set out ambitious plans for continued growth. Given the generally negative market trend and the higher interest rates that are negative for P/E ratios it may well continue to slide and so I would certainly not go “all-in”. But it’s a strong company that should continue to do well over time.

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