<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="640" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<ul>
<li>Lululemon 的股价今年暴跌了 45%，延续了自 2021 年开始的抛售潮。</li>
<li>由于竞争激烈，该公司的增长轨迹放缓。</li>
<li>技术分析表明，股价可能反弹 40%，达到 292 美元。</li>
</ul>
<p>Lululemon 的股价在 2023 年经历了又一个糟糕的年份，暴跌了 45%，而标准普尔 500 指数和纳斯达克 100 指数却创下历史新高。其股价从 2023 年 12 月的 516 美元的历史高点跌至当前的 207 美元，市值从 680 亿美元降至 250 亿美元。那么，2026 年该股会反弹吗？</p>
<h3><strong>Lululemon 股价暴跌的原因</strong></h3>
<p>Lululemon Athletica，作为新冠疫情的主要受益者之一，已成为一颗堕落的天使，因为其增长势头放缓。</p>
<p>其年度收入增长率在 2021 年为 42%，2022 年为 30%，2023 年为 18.6%，去年为 10%。其过去十二个月（TTM）的收入增长率为 8.7%。</p>
<p>最新的财报显示，第三季度收入增长了 7%，达到了 26 亿美元。这一收入的增长主要来自其国际业务，国际业务的收入增长了 33%。而美洲的收入则下降了 2%。</p>
<p>该公司在美洲市场的可比销售额下降了 5%，而国际市场的可比销售额增长了 18%。这一增长主要得益于中国，这个国家已成为其重要市场之一。</p>
<p>Lululemon 的增长放缓部分是由于来自 Nike、Adidas、Gap、Vuori 和 Sweaty Betty 等其他公司的竞争加剧，这些公司从其市场中夺取了份额。</p>
<p>与此同时，唐纳德·特朗普的关税政策并没有带来帮助，因为该公司大部分产品是在亚洲生产的。在最近的财报中，该公司宣布其运营收入将因关税受到 2.1 亿美元的影响。</p>
<p>关税对其上一季度的盈利能力产生了影响。其净收入从去年同期的 3.51 亿美元下降至 3.06 亿美元。</p>
<h3><strong>增长担忧依然存在</strong></h3>
<p>华尔街分析师认为，由于关税、通货膨胀和竞争，该公司的增长在未来几个季度将继续承压。</p>
<p>平均预估显示，第四季度的收入将为 35.6 亿美元，比去年下降 0.95%。如果这一预测正确，这意味着其年度收入将达到 110 亿美元，同比增长 4.19%。</p>
<p>到 2026 年，其收入将达到 115 亿美元。Lululemon 的收入和盈利可能会高于预期，正如过去所表现的那样。</p>
<p>从积极的方面来看，该公司的放缓可能已经触底，其增长将在未来几年开始改善。</p>
<p>此外，该公司在过去几个月继续回购股票。其股票回购计划增加了 10 亿美元。因此，其流通股从 2021 年的 1.24 亿股减少到当前的 1.1278 亿股。</p>
<p>该公司现在也成为了一个便宜的选择，其前瞻市盈率为 15.8，低于行业中位数的 17.6 和其五年平均的 34。其前瞻 EV/EBITDA 为 9.2，低于五年平均的 20。</p>
<h3><strong>LULU 股价技术分析</strong></h3>
<p><em>(点击图片放大)</em></p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Lululemom-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1024" height="579" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Lululemom-stock-1024x579.png"/></p>
<p>Lululemon 股价图表 | 来源：TradingView</p>
<p>日线图显示，LULU 股价在 160 美元形成了双底形态，颈线在 192 美元。双底是技术分析中最受欢迎的看涨反转形态之一。</p>
<p>该股目前已突破 50 日移动平均线，而 MACD 和相对强弱指数（RSI）持续上升。</p>
<p>因此，该股在 2026 年继续上涨的可能性很大，潜在目标为 290 美元的 50% 斐波那契回撤位，约为当前水平的 40%。</p>
<p>如果跌破 160 美元的双底点，将会使看涨前景失效。</p>
<hr/>
<p><em>更多来自此作者的文章：</em></p>
<p>亚马逊任命新 AI 负责人以对抗 OpenAI、谷歌和微软</p>
<p>欧洲快讯：英国通胀降温，欧盟碳规则收紧，德国信心下滑</p>
<p>亚马逊将投资 100 亿美元于 OpenAI，并为 ChatGPT 制造商提供芯片：报道</p>

露露乐蒙

<p>露露乐蒙的股价今年已下跌 45%，自 2021 年以来持续下滑。尽管面临激烈的竞争和影响盈利能力的关税，技术分析显示到 2026 年有可能反弹 40% 至 292 美元。公司的增长速度放缓，但股票回购和较低的前瞻市盈率带来了一些乐观情绪。分析师预测到 2026 年收入将增长至 115 亿美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2020/11/27/16/59/man-5782411_960_720.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><ul>
<li>Lululemon stock price has crashed by 45% this year, continuing a sell-off that started in 2021.</li>
<li>The company’s growth trajectory has slowed amid intense competition.</li>
<li>Technical analysis suggests that the stock may rebound by 40% to $292.</li>
</ul>
<div class="lb-trans"><ul>
<li>Lululemon 的股价今年暴跌了 45%，延续了自 2021 年开始的抛售潮。</li>
<li>由于竞争激烈，该公司的增长轨迹放缓。</li>
<li>技术分析表明，股价可能反弹 40%，达到 292 美元。</li>
</ul>
</div><p>Lululemon stock price has had another bad year as it crashed by 45%, even as the S&amp;P 500 and Nasdaq 100 indices jumped to record highs. It has dropped from the all-time high of $516 in December 2023 to the current $207, bringing its market cap from $68 billion to $25 billion. So, will the stock rebound in 2026?</p>
<div class="lb-trans"><p>Lululemon 的股价在 2023 年经历了又一个糟糕的年份，暴跌了 45%，而标准普尔 500 指数和纳斯达克 100 指数却创下历史新高。其股价从 2023 年 12 月的 516 美元的历史高点跌至当前的 207 美元，市值从 680 亿美元降至 250 亿美元。那么，2026 年该股会反弹吗？</p>
</div><h3><strong>Why Lululemon stock price has plummeted</strong></h3>
<div class="lb-trans"><h3><strong>Lululemon 股价暴跌的原因</strong></h3>
</div><p>Lululemon Athletica, one of the top beneficiaries of the Covid-19 pandemic, has become a fallen angel as its growth momentum has slowed.</p>
<div class="lb-trans"><p>Lululemon Athletica，作为新冠疫情的主要受益者之一，已成为一颗堕落的天使，因为其增长势头放缓。</p>
</div><p>Its annual revenue growth stood at 42% in 2021, 30% in 2022, 18.6% in 2023, and 10% last year. Its trailing twelve-month (TTM) revenue growth stood at 8.7%.</p>
<div class="lb-trans"><p>其年度收入增长率在 2021 年为 42%，2022 年为 30%，2023 年为 18.6%，去年为 10%。其过去十二个月（TTM）的收入增长率为 8.7%。</p>
</div><p>The most recent results showed that the revenue rose by 7% in the third quarter to $2.6 billion. This revenue was driven by its international segment, whose revenue rose by 33%. Its Americas revenue dropped by 2%.</p>
<div class="lb-trans"><p>最新的财报显示，第三季度收入增长了 7%，达到了 26 亿美元。这一收入的增长主要来自其国际业务，国际业务的收入增长了 33%。而美洲的收入则下降了 2%。</p>
</div><p>The company’s comparable sales in the Americas segment dropped by 5%, while in the international market rose by 18%. This growth was driven by China, a country that has become one of its important markets.</p>
<div class="lb-trans"><p>该公司在美洲市场的可比销售额下降了 5%，而国际市场的可比销售额增长了 18%。这一增长主要得益于中国，这个国家已成为其重要市场之一。</p>
</div><p>Lululemon’s growth slowdown is partly because of the rising competition from other companies like Nike, Adidas, Gap, Vuori, and Sweaty Betty, which have taken market share from its company.</p>
<div class="lb-trans"><p>Lululemon 的增长放缓部分是由于来自 Nike、Adidas、Gap、Vuori 和 Sweaty Betty 等其他公司的竞争加剧，这些公司从其市场中夺取了份额。</p>
</div><p>At the same time, Donald Trump’s tariffs have not helped as the company makes most of its products in Asia. In its most recent results, the company announced that its income from operations would receive a $210 million hit from tariffs.</p>
<div class="lb-trans"><p>与此同时，唐纳德·特朗普的关税政策并没有带来帮助，因为该公司大部分产品是在亚洲生产的。在最近的财报中，该公司宣布其运营收入将因关税受到 2.1 亿美元的影响。</p>
</div><p>Tariffs had an impact on its profitability in the last quarter. Its net income dropped to $306 million from the $351 million it made in the same period last year.</p>
<div class="lb-trans"><p>关税对其上一季度的盈利能力产生了影响。其净收入从去年同期的 3.51 亿美元下降至 3.06 亿美元。</p>
</div><h3><strong>Growth concerns remain</strong></h3>
<div class="lb-trans"><h3><strong>增长担忧依然存在</strong></h3>
</div><p>Wall Street analysts believe that the company’s growth will remain under pressure in the coming quarters because of tariffs, inflation, and competition.</p>
<div class="lb-trans"><p>华尔街分析师认为，由于关税、通货膨胀和竞争，该公司的增长在未来几个季度将继续承压。</p>
</div><p>The average estimate is that revenue in the fourth quarter will be $3.56 billion, down by 0.95% from what it made last year. If this is correct, this means that its annual revenue will be $11 billion, up by 4.19% YoY.</p>
<div class="lb-trans"><p>平均预估显示，第四季度的收入将为 35.6 亿美元，比去年下降 0.95%。如果这一预测正确，这意味着其年度收入将达到 110 亿美元，同比增长 4.19%。</p>
</div><p>It will then make $11.5 billion in 2026. Chances are that Lululemon’s revenue and earnings will be higher than expected as it has done in the past.</p>
<div class="lb-trans"><p>到 2026 年，其收入将达到 115 亿美元。Lululemon 的收入和盈利可能会高于预期，正如过去所表现的那样。</p>
</div><p>On the positive side, chances are that the company’s slowdown has bottomed and that its growth will start improving in the coming years.</p>
<div class="lb-trans"><p>从积极的方面来看，该公司的放缓可能已经触底，其增长将在未来几年开始改善。</p>
</div><p>Additionally, the company has continued to buy back its shares in the past few months. It increased its share repurchase program by $1 billion. As a result, its outstanding shares have dropped from 124 million in 2021 to the current 112.78 million.</p>
<div class="lb-trans"><p>此外，该公司在过去几个月继续回购股票。其股票回购计划增加了 10 亿美元。因此，其流通股从 2021 年的 1.24 亿股减少到当前的 1.1278 亿股。</p>
</div><p>The company has also become a bargain, with its forward price-to-earnings ratio of 15.8, lower than the sector median of 17.6 and its five-year average of 34. Its forward EV/EBITDA of 9.2, down from the five-year average of 20.</p>
<div class="lb-trans"><p>该公司现在也成为了一个便宜的选择，其前瞻市盈率为 15.8，低于行业中位数的 17.6 和其五年平均的 34。其前瞻 EV/EBITDA 为 9.2，低于五年平均的 20。</p>
</div><h3><strong>LULU stock price technical analysis</strong></h3>
<div class="lb-trans"><h3><strong>LULU 股价技术分析</strong></h3>
</div><p><em>(Click on image to enlarge)</em></p>
<div class="lb-trans"><p><em>(点击图片放大)</em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Lululemom-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/Lululemom-stock-1024x579.png"/></p>
<p>Lululemon stock price chart | Source: TradingView</p>
<div class="lb-trans"><p>Lululemon 股价图表 | 来源：TradingView</p>
</div><p>The daily timeframe chart shows that the LULU stock price formed a double-bottom pattern at $160 and the neckline at $192. A double-bottom is one of the most popular bullish reversal patterns in technical analysis</p>
<div class="lb-trans"><p>日线图显示，LULU 股价在 160 美元形成了双底形态，颈线在 192 美元。双底是技术分析中最受欢迎的看涨反转形态之一。</p>
</div><p>The stock has now moved above the 50-day moving average, while the MACD and the Relative Strength Index (RSI) have continued rising.</p>
<div class="lb-trans"><p>该股目前已突破 50 日移动平均线，而 MACD 和相对强弱指数（RSI）持续上升。</p>
</div><p>Therefore, there is a likelihood that the stock will continue rising in 2026, with the potential target being the 50% Fibonacci Retracement level at $290, which is ~40% above the current level.</p>
<div class="lb-trans"><p>因此，该股在 2026 年继续上涨的可能性很大，潜在目标为 290 美元的 50% 斐波那契回撤位，约为当前水平的 40%。</p>
</div><p>A drop below the double-bottom point at $160 will invalidate the bullish outlook.</p>
<div class="lb-trans"><p>如果跌破 160 美元的双底点，将会使看涨前景失效。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的文章：</em></p>
</div><p>Amazon Names New AI Chief To Take On OpenAI, Google &amp; Microsoft</p>
<div class="lb-trans"><p>亚马逊任命新 AI 负责人以对抗 OpenAI、谷歌和微软</p>
</div><p>Europe Bulletin: UK Inflation Cools, EU Carbon Rules Tighten, Germany’s Confidence Stumbles</p>
<div class="lb-trans"><p>欧洲快讯：英国通胀降温，欧盟碳规则收紧，德国信心下滑</p>
</div><p>Amazon To Invest $10B In OpenAI And Provide Chips For ChatGPT Maker: Report</p>
<div class="lb-trans"><p>亚马逊将投资 100 亿美元于 OpenAI，并为 ChatGPT 制造商提供芯片：报道</p>
</div>

露露乐蒙股票 2026 年预测：图表显示可能上涨 40%