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On [insert date], shares of lululemon athletica Inc. (LULU) traded at $385.99, exceeding the average 12-month analyst target price of $384.48. This milestone prompts analysts to reassess their positions, either by downgrading due to valuation or raising targets based on positive fundamental developments.
The average target price reflects contributions from 23 analysts, with projections ranging from a low of $200 to a high of $535. The current standard deviation of these targets is $69.455. As the stock surpasses the average target, investors are encouraged to evaluate whether this price is a temporary stop or indicative of further growth.
Recent analyst ratings for LULU indicate 14 strong buys, 1 buy, 5 holds, and 1 sell, leading to an average rating of 1.67 on a scale where 1 is a strong buy and 5 is a strong sell.
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