Lululemon Athletica Inc. shares soared 10.2% early Wednesday after the company reported earnings that beat expectations, but some analysts expressed wariness over the missteps or shortfalls that might await.

Many analysts highlighted the fourth quarter’s 12% same-store-sales growth, e-commerce sales growth in the wake of the company’s website relaunch, and improving margins.

However, the company LULU, +6.10% , known for yoga pants and other so-called athleisure gear, has had its fair share of slip-ups.

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“Clearly the business has a lot of momentum right now and it’s very difficult to find any holes to poke in the Lululemon story (from a fundamental standpoint),” wrote Wells Fargo analysts led by Ike Boruchow.

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“On the other hand, this is a company that has a history of operational issues that have popped up every 12 to 18 months or so ... and with valuation somewhat stretched at the moment (shares traded at 27 [times] fiscal 2018 estimated earnings per share after-market), the risk/reward here does not seem overly compelling.”

Wells Fargo rates Lululemon shares market perform, and it raised its share-price target to $82 from $79.

Stifel also referenced concerns, though it has a slightly different take on the risks vs. potential rewards.

“We view Lululemon’s premium position and controlled distribution as deserving of a premium multiple relative to comparable brands that are more dependent on third-party distribution,” analysts led by Jim Duffy said. “Contemplative of execution risk, including soft retail traffic in North America and growing dependence on international for which proof of concept is nascent, we view risk/reward as largely in balance.”

Stifel rates Lululemon shares hold with an $81 price target.

Other analysts cheered the slow pace of the search for a new chief executive. Laurent Potdevin announced his resignation in February.

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“Lululemon’s acting CEO and Executive Chairman Glen Murphy said that the board of directors will take its time with tis CEO search in order to make the right decision,” wrote Susquehanna Financial Group. “We applaud the board’s patience, as we believe it will be critical for Lululemon to evaluate all available candidates thoroughly to find the right global consumer executive with top-flight talent and experience.”

Susquehanna rates Lululemon stock positive with a $97 price target, up from $93.

At this rate, there probably won’t be a CEO announcement soon, said SunTrust Robinson Humphrey. And that’s all right for now.

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“Near term, we do not believe the lack of a CEO will cause as a significant disruption as we are confident in the senior level team in place,” analysts led by Pamela Quintiliano. “However, if it is prolonged we believe it could delay the process of getting someone in place for the crucial creative director role, which has been vacant since Lee Holman’s departure.”

SunTrust rates Lululemon shares buy with a $95 price target.