Goldman Sachs Slashes Lululemon Price Target to $95

The Goldman Sachs Group has lowered its price target for lululemon athletica (NASDAQ:LULU) to $95.00 from $111.00 in a recent research note, assigning a 'neutral' rating to the apparel retailer's stock.

This is not an isolated incident, as several other brokerages have also revised their price targets and ratings for LULU in recent days.

Analysts at JPMorgan Chase & Co. decreased their target from $154.00 to $95.00, while Jefferies Financial Group dropped theirs from $145.00 to $115.00 with a 'hold' rating.

The Goldman Sachs Group's revised price target suggests a potential downside of 5.69% from LULU's current price of $100.73.