Lululemon Athletica (LULU) Receives a Buy from TD Cowen
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Kernan covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, TJX Companies, and Deckers Outdoor. According to TipRanks, Kernan has an average return of 8.8% and a 51.39% success rate on recommended stocks.
Lululemon Athletica has an analyst consensus of Moderate Buy, with a price target consensus of $310.44, representing a 36.48% upside. In a report released on June 11, Bernstein also maintained a Buy rating on the stock with a $350.00 price target.
The company has a one-year high of $423.32 and a one-year low of $226.01. Currently, Lululemon Athletica has an average volume of 3.11M.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
2 hours ago
- CTV News
‘Remain agile': General Motors president touches on U.S. trade negotiations, emissions mandate while in Calgary
Auto industry executives gathered in Calgary Thursday to discuss challenges and opportunities faced by the sector which has been hit hard by U.S. tariffs. The president of General Motors Canada is in Calgary on the heels of meeting with Prime Minister Mark Carney this week amid the trade war with the United States. Kristian Aquilina is in the city for the company's partnership with the Calgary Stampede. He spoke on a panel Thursday about the future of mobility in Canada – one that remains uncertain amid the ongoing tariff discussions with the U.S. 'Uncertainty also brings opportunity,' said Aquilina ahead of the panel to CTV. 'We have to remain agile to whatever eventuates here.' Automakers, July 3, 2025 GM sales are up double digits in Calgary, GM President Kristian Aquiliana said Thursday. (CTV News) Aquilina joined other leaders in the auto industry Wednesday in Ottawa to meet with Carney, with a focus on protecting Canadian supply chains. It comes in response to U.S. President Donald Trump imposing 25 per cent tariffs on vehicles manufactured in Canada but includes a carve out for components built in the states. Aquilina wouldn't share details of the discussions with the prime minister but shared an attitude of optimism. Kristian Aquilina, GM president Kristian Aquilina, the president of General Motors, was in Calgary Thursday to discuss challenges faced by the auto industry. (CTV Calgary) 'We shared the views of our industry, and he has that in order to negotiate in the best way for all of Canada so we wish him well,' he said. 'We'll see how that pans out but at this stage we're focused on delivering for what we know today.' Zero-emission rebate Among the views shared with Carney is executives efforts to have Ottawa ditch its zero-emission vehicle rebate. By next year, 20 percent of new passenger vehicles sold in Canada must be either battery powered or hybrid. Aquilina said getting rid of the mandate wouldn't change GM's commitment to developing electric vehicles. 'An EV mandate that's currently in effect that determines or tries to pick the technology that consumers ought to have in their driveways isn't necessarily the right way to go about it,' he said. 'We're investing heavily in electrification -- we have 13 EVs available for customers and we would prefer our technology path here is driven by the customer rather than a made-up mandate.' Ottawa hasn't revealed its plans for the mandate or the trade discussions which picked back up with Trump after he pulled out over Canada's digital service tax on multinational tech firms – which was called off over the weekend. Automakers Aquilina said GM has 13 different EVs available for customers, but the company wants the federal government to ditch its zero-emission vehicle rebate. (CTV News) Despite the challenges facing the industry, Aquilina said GM has seen unprecedented growth among buyers. 'Here in Calgary we're in double digit category for growth,' he said. He looks forward to policy resolutions, so it no longer overshadows other developments happening in the industry, such as the technology to improve self-driving vehicles. 'We're focused on the innovation and development in our industry. Our industry is in the headlines for all sorts of reasons, but really what has been missed is the opportunities that are available for all of Canada once we identify the big technological shifts that are happening in our industry,' he said. 'What is being overshadowed is that there is a big technology here in this industry.'
Globe and Mail
2 hours ago
- Globe and Mail
Prediction: This Growth Stock Will Skyrocket in the Second Half of 2025
Key Points Micron Technology has clocked impressive gains so far in 2025, and it looks set to fly higher in the second half of the year as well. The company's latest quarterly results make it clear that it is benefiting big time from fast-growing demand for memory chips used in various applications. Micron's solid growth potential and attractive valuation make the stock a no-brainer buy right now, considering the potential upside it could deliver. Memory specialist Micron Technology (NASDAQ: MU) has been delivering terrific growth in recent quarters thanks to booming demand for its chips deployed in data centers, smartphones, and personal computers (PCs), which explains why the stock has clocked solid gains of 46% so far this year. Micron released its fiscal 2025 third-quarter results (for the three months ended May 29) on June 25. A closer look at the company's numbers and guidance suggests that its rally is here to stay in the second half of the year. Let's look at the reasons why investors can expect Micron stock to deliver more upside for the rest of the year as well. Artificial intelligence (AI) has supercharged Micron Technology's growth Micron's fiscal Q3 revenue shot up 37% year over year to $9.3 billion, while its adjusted earnings more than tripled to $1.91 per share. The numbers crushed Wall Street's expectations of $1.60 per share in earnings on revenue of $8.86 billion. Micron CEO Sanjay Mehrotra remarked on the latest earnings conference call that its data center revenue more than doubled from the year-ago period and hit record levels last quarter. This terrific growth was driven by the healthy demand for Micron's high-bandwidth memory (HBM) chips that are integrated with AI accelerators from the likes of Nvidia and AMD. Micron management points out that it is shipping its HBM chips in high volumes to four customers right now, who are integrating them with both graphics cards and custom AI processors. Importantly, Micron is not resting on its laurels and is focused on further improving the performance of its HBM chips. The company claims its next-generation HBM4 chips, which will succeed the HBM3E offerings, will pack 60% more performance while reducing power consumption by 20%. The company has already provided samples of HBM4 to customers and expects to start the volume production of this product in 2026. Micron's focus on pushing the envelope on the product development front is the right thing to do, considering that the HBM market is set to take off impressively in the long run. Bloomberg Intelligence estimates that the HBM market could generate annual revenue of $130 billion by 2030. That would be a huge jump over the $4 billion revenue this segment clocked in 2023. Micron, therefore, still has massive room for growth in this segment, both in the short and long run. The strong momentum provided by the HBM business tells us why the company's guidance for the current quarter points toward another solid increase in its top and bottom lines. Micron has guided for $10.7 billion in revenue for the fiscal fourth quarter, which would be a 38% increase over the prior-year period. That would be a slight improvement over the revenue growth it reported in the previous quarter. Meanwhile, Micron's forecast of $2.50 per share in earnings for the current quarter suggests its bottom line will more than double from the year-ago period's reading of $1.18 per share. The stronger growth in Micron's earnings can be attributed to a favorable memory pricing environment. Memory manufacturers such as Micron have been increasing the prices of chips on account of solid HBM demand and supply constraints. According to TrendForce, the average price of dynamic random access memory (DRAM) chips increased in the range of 3% to 8% in the second quarter, owing to an increase in sales of HBM, along with an improvement in the demand for mobile and consumer-oriented DRAM chips. Looking ahead, Micron management estimates that adoption of AI-enabled personal computers (PCs) and smartphones will contribute to the company's growth in the coming quarters. So Micron's catalysts are likely to get stronger as the year progresses, and that could pave the way for more upside in the second half of 2025 and beyond. A big reason to buy the stock right now We have already seen how rapidly Micron's revenue and earnings are growing. However, the company's valuation suggests that it is extremely undervalued, considering the phenomenal growth it's been clocking. Micron has a trailing price-to-earnings ratio of 22, while the forward earnings multiple is even more attractive at 11. The company is on track to end the current fiscal year with adjusted earnings of $7.76 per share (based on its guidance of $2.50 per share for fiscal Q4 and cumulative earnings of $5.26 per share in the first three quarters of the year). That would be a huge increase over its fiscal 2024 earnings of $1.30 per share. What's more, analysts are expecting a 54% spike in Micron's earnings in the next fiscal year to $12.05 per share. If the stock maintains its trailing earnings multiple of 23 after a year, its stock price could hit $265. That would be more than double current levels. As such, Micron's latest quarterly results should give its rally a nice shot in the arm in the second half of the year, as the market could reward its terrific growth with a richer valuation, while the projected earnings growth for the next fiscal year indicates that it could continue soaring in 2026 as well. Should you invest $1,000 in Micron Technology right now? Before you buy stock in Micron Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Micron Technology wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor 's total average return is1,049% — a market-crushing outperformance compared to179%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025
CTV News
2 hours ago
- CTV News
From Meta to OpenAI, and more
In this week's TechTalk segment, Tony Ryma speaks with tech analyst Ritesh Kotak about the future of AI and Canada withdrawing its digital services tax.
