Lululemon Athletica Inc. is getting a cautious vote of confidence from JPMorgan , which has nudged up its Q4 2025 EPS estimate and price target after meeting with the brand’s investor relations team at the ICR Conference .
The move comes on top of earlier guidance upgrades from Lululemon itself following a strong holiday season, reinforcing the view that the athleisure leader is still executing solidly even as analysts stay selective on valuation. JPMorgan’s Updated View According to a note summarized by Insider
Monkey and Yahoo Finance , JPMorgan raised its Lululemon (LULU) price target from $203 to $209 on January 20, 2026 , maintaining a Neutral rating on the stock.
After hosting a meeting with the company’s VP of Investor Relations at the ICR Conference , the bank also lifted its Q4 2025 EPS estimate and is now modeling full year 2026 EPS of $12.33 , slightly below Wall Street’s $12.65 consensus.
This positioning suggests that while JPMorgan acknowledges Lululemon’s continued strength, it sees limited upside at current levels relative to its target, hence the neutral stance rather than a more bullish call.
The bank still includes LULU among stocks that could potentially double by 2030 , underscoring its long term structural appeal…
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