Lululemon is expected to report first quarter results after the bell on Wednesday as investors search for more clarity on future sales growth amid a 40% fall in the stock this year.
The average brokerage recommendation (ABR) for Lululemon (LULU) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Not everything is looking great within the record-setting Nasdaq.