2024-05-22 20:34:33 ET
Summary
- In a slowing luxury market, Prada stands out for its double-digit revenue growth and rising net margins.
- It's little wonder then that it's trading at a premium compared to other luxury stocks, and there can be justification for an even higher premium.
- If it maintains its current performance, the stock has good prospects for the rest of 2024 and its ability to grow in challenging times also makes it a long-term buy.
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Prada: Stand Out Luxury Stock (Rating Upgrade)