Lululemon Athletica (LULU) shares are soaring in Tuesday's trading session, climbing 5.03% as the athleisure wear company continues to attract investor attention. The stock's impressive performance comes amid a mixed day for the broader market, with Lululemon standing out as one of the top performers on the Nasdaq.

The rally appears to be fueled by ongoing analyst confidence in the company's prospects. Earlier in the day, BTIG reiterated its price target for Lululemon at $303.00 per share, suggesting significant upside potential from current levels. This vote of confidence from a major financial firm likely contributed to the stock's strong performance.

Furthermore, Lululemon's outperformance is even more notable when compared to its peers in the Nasdaq 100 index. As of 11:01 a.m. EST, Lululemon was reported as the second-best performer in the index, with a 3.4% gain at that time. The stock has since extended those gains, reaching the 5.03% increase observed later in the session. This impressive showing comes on a day when the overall Nasdaq 100 index was down 0.52%, highlighting Lululemon's relative strength in the market.