Ralph Lauren’s stock has been gaining momentum due to its adoption of artificial intelligence technology. Despite the absence of some major tech stocks like Nvidia, Alphabet, and Apple, Ralph Lauren topped a list of new buys by top fund managers in December, with an impressive $781 million in demand. The company’s B Accumulation/Distribution Rating and 1.3 up/down volume ratio suggest strong investor interest.
Ralph Lauren’s luxury lifestyle products are driven by AI-powered intelligent inventory technology, which improves in-stock availability on sizing and bestselling products. This technology has been rolled out in U.S. stores and is expected to be expanded across categories and markets. The company’s relative strength line trades near a 52-week high, indicating market leadership.
Ralph Lauren stands poised for a breakout, with its stock just 2% shy of a buy point in consolidation pattern. This follows a significant recovery since bottoming out in 2022. The fashion brand’s strong performance has earned it a coveted blue dot in MarketSurge.
Source: https://www.investors.com/research/ibd-stock-analysis/ralph-lauren-stock-best-mutual-funds-meta-nvidia-apple-google