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Lulu Hypermarket Share Price Target & Stock Forecast (2024-2030)

Lulu Group is set to make its debut on the Abu Dhabi Securities Exchange (ADX) on November 14, 2024, offering 25% of its shares. This article presents the forecast for Lulu Hypermarket’s stock price and growth potential from 2024 to 2030.

Lulu Hypermarket Share Price Target (2024-2030)

Year	Lulu Share Price Target (Dh)	Key Highlights
2024	Dh2.8 to Dh3.0	IPO debut, strong market sentiment, 2.58 billion shares floated
2025	Dh3.2	Positive growth forecast, demand increase, Gulf region expansion
2026	Dh3.5	Expansion of 80 new hypermarkets in Saudi Arabia
2027	Dh3.8	Ongoing GCC expansion, increasing profitability
2028	Dh4.0	Strong market presence, consumer demand growth
2029	Dh4.5	Long-term growth, evolving retail sector
2030	Dh5.0	Confident forecast, expanded market reach, sustained growth

Lulu Stock Forecast 2024: What Investors Need to Know

The forecast for Lulu Hypermarket in 2024 predicts a share price range of Dh2.8 to Dh3.0. This strong debut is driven by Lulu’s substantial revenue of $3.9 billion in the first half of 2024, along with the flotation of 2.58 billion shares. The IPO will attract substantial interest from investors, especially considering Lulu’s impressive market position and growth potential.

Lulu Stock Forecast 2025-2030: Projected Growth

Looking ahead, Lulu’s stock forecast from 2025 to 2030 suggests a consistent upward trajectory. With major expansion plans and a growing consumer base, Lulu’s share price could rise significantly in the coming years:

2025: Target price around Dh3.2.
2026: Projected target price Dh3.5 due to expansion in Saudi Arabia.
2027: Expected target price Dh3.8, fueled by GCC expansion.
2028: Forecasted price of Dh4.0 due to increased demand and market presence.
2029: Long-term price target Dh4.5, reflecting sustained growth in the retail sector.
2030: A confident forecast with a price of Dh5.0, showcasing the company’s potential to capture a larger market share globally.

Why Invest in Lulu Hypermarket Stocks?

Lulu Group’s brand recognition, with over 240 hypermarkets in 10 countries, enhances investor confidence. The expansion in regions like Saudi Arabia and ongoing market penetration in the Gulf Cooperation Council (GCC) region ensure continued growth for the retail giant. Investors looking for long-term gains can find Lulu Group an appealing option.