Vipshop Holdings Limited (NYSE:VIPS) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $11. The average forecast of all the analysts is $13.67 and the expected standard deviation is $2.5.
Vipshop Holdings Limited has lost 1.85% in the last five trading days and dropped 1.67% in the last 4 weeks. Vipshop Holdings Limited has dropped 14.6% during the last 3-month period . Year-to-Date the stock performance stands at -26.85%. Also, In a research note released to the investors, JP Morgan downgrades its rating on Vipshop Holdings Limited (NYSE:VIPS).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. In a recent information released to the investors, JP Morgan lowers the new price target from $15 per share to $11 per share. The rating by the firm was issued on May 18, 2016.
Vipshop Holdings Limited (NYSE:VIPS) : 4 brokerage houses believe that Vipshop Holdings Limited (NYSE:VIPS) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vipshop Holdings Limited (NYSE:VIPS). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Vipshop Holdings Limited (NYSE:VIPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.83 and $10.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.17, notching a gain of 3.43% for the day. The total traded volume was 5,825,804 . The stock had closed at $10.80 on the previous day.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.