Analyst Sees $40B Market Cap For Lululemon
PYMNTS
DECEMBER 4, 2019
“Assuming LULU can sustain an NKE-like free cash flow multiple, we see a path to a $40 billion market cap. We view LULU growth, durability and ROIC [return on invested capital] profile as most similar to NKE,” Analyst John Kernan said in a note to clients on Tuesday (December 3).
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