12:23 PM EST, 02/07/2025 (MT Newswires) -- Lululemon Athletica's ( LULU ) revenue growth is expected to solidify over time, given its "superb" ability to manage operations and finances and to improve merchandising, Oppenheimer said Friday in a report.

The firm boosted its fiscal 2025 earnings forecast to $15.82 a share from $15.25, topping the Wall Street consensus of $15.37. Oppenheimer projected 2026 earnings at $17.75 a share versus the consensus of $16.84.

The firm sees fiscal 2025 sales growth of 7% to 9%, compared with the current consensus forecast of 6% to 8%.

With "subdued" consensus estimates, Oppenheimer said it sees potential upside surprises for the athletic apparel retailer

The firm lifted its price target on Lululemon stock to $500 from $380 and reiterated its outperform rating.

Lululemon shares fell 1.6% in recent Friday trading.

Price: 405.22, Change: -6.61, Percent Change: -1.61