Lululemon Fell 19% in 2026: Do Analysts See Recovery?

Lululemon’s stock (LULU) has dropped significantly, trading more than 50% below its 52-week high due to a U.S. sales slump, CEO departure, proxy fight, and tariff headwinds, with Q4 earnings expected to show a 23% EPS collapse. Despite concerns, analysts still see a 22.5% upside, largely driven by strong international growth and anticipated product resets, though a valuation model suggests potential P/E compression. The upcoming March 17 earnings report is crucial for confirming the effectiveness of the turnaround strategy.