Lululemon price target raised to $200 from $180 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Lululemon (LULU) to $200 from $180 and keeps a Neutral rating on the shares. Lululemon delivered a China-driven Q3 beat and outlined a more detailed plan to reignite U.S. growth, while the CEO transition introduces the possibility of fresh strategic perspective, the analyst tells investors in a research note. Stronger international trends, improving margins, and clearer initiatives offer some optimism, though near-term U.S. softness and FY26 margin pressure keep the outlook uncertain, Goldman says.