On CNBC’s “Halftime Report Final Trades,” Joseph Terranova of Virtus Investment Partners said Lululemon Athletica Inc (NASDAQ:LULU) represents “growth at a reasonable price.”
He added that the stock was valued “somewhere around 70 times earnings in the end of 2021” and that it’s now “more reasonable around 40.” which is “exactly what it traded from 2018 through 2019 when the stock doubled.”
